Sunday 19 June 2011

Significant loss for THQ: 600 layoffs

As a whole, the video game industry has grown between 2007 and 2008,
but this success does not seem to affect everyone the same way. Thus,
while Nintendo has drawn significant benefits, other companies are in
a less favorable position.

This is particularly true of THQ, which has just announce a loss of
191.8 million (148.2 million euros) for the last quarter of its fiscal
year. A result obviously less exciting than the earnings over the same
period last year ($ 15.5 million or 11.9 million).

These figures are obviously not without consequences and THQ has
already announced the elimination of 600 positions, or 24% of its
total workforce. This restructuring has not been discussed in detail
and we do not know what areas of activity will be affected, but it is
certainly not good news.

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