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Agoura Hills-based video game maker THQ said Wednesday afternoon that it is laying off around 60 employees, as part of a reorganization of its Juice Games and Rainbow Studios development studios. Tags: reorg employment jobs layoff videogame content games. The firm said the new studios will focus on digitally distributed games.
Rumors have been swirling around Agoura Hills-based THQ since this weekend, when a gaming industry analyst, Peter Skerritt, reported that the videogame maker was either looking for a buyer or shutting down its videogame development efforts, cancelling its 2014 lineup. as part of an "ongoing review" of its business.
But, in running it now for the second half of January, the keyword that popped to the top was: Layoffs And this is definitely a sign of the times. Here's the rest. Top for January 16, 2009 - January 31, 2009 Posts Are You Selling Online Yet? Here’s how to do it.
Agoura Hills-based THQ , the embattled videogame maker, is finally seeing some good news, reporting today that it is expecting to report non-GAAP net sales of $160 million to $170 million, above its previous outlook of $130 million to $150 million.
Agoura-based THQ said Thursday that it is chopping 240 jobs as part of a "realignment" of its organization, as it exits the kids licensed video game market. The layoffs come after the firm missed Wall Street estimates, with revenues of $404.4M. THQ also cut the salary of President and CEO, Brian J. READ MORE>>.
Calabasas-based videogame developer THQ has reportedly cut 170 of its employees, according to reports Wednesday. According to reports on gaming sites, the cuts are expected to be announced along with THQ's earnings tomorrow. The report of the cuts apparently came via gaming insider Kevin Dent.
Battered videogame developer THQ , which has been suffering from a downturn in its business, said today that it is planning a 1-for-10 reverse stock split, in order to raise its per share trading price so that it will regain compliance with a $1.00 per share, minimum bid price required by the NASDAQ Global Select Market. READ MORE>>.
Troubled Agoura Hills-based videogame maker THQ has officially been broken up into pieces and sold, according to the firm Wednesday evening, after a U.S. Bankruptcy Court has granted a motion to approve a sale of the majority of THQ's assets to multiple buyers. Vigil Games and a number of other properties remain with THQ in Chapter 11.
Agoura Hills-based THQ , the developer of videogames, has cut 30 of its staff, due to poor performance of its uDraw tablet for the Wii, Xbox 360, and PS3. The cuts were due to "weaker than expected" sales of the gaming accessory. READ MORE>>.
Agoura Hills-based THQ , a developer and publisher of video games, said Wednesday that it is making "additional cost reduction actions" which includes the layoff of approximately 600 people, or 24 percent of the company's workforce. THQ said the move was a response to the continuing uncertainty in the market. READ MORE>>.
Agoura Hills-based video game maker THQ announced this morning that it has "substantially completed" its latest business realignment, which will save the firm $220M in annual costs. THQ announced in February that it was cutting 600 people, or 24 percent of the workforce. Tags: video game studio content employment jobs layoff.
Agoura Hills-based THQ , the videogame maker, said late Tuesday that it is chopping two studios and a team, as part of a "strategic realignment" of its operations.
Agoura Hills-based THQ reported Wednesday that the firm is reorganizing the firm's management team and business units. According to THQ, it has created three new business units--one focused on "Core Games", another on kids/family and casual games, and another on online properties. READ MORE>>.
Agoura Hills-based game developer THQ said Thursday afternoon that it is cutting 114 employees, and that it has "refocused" its efforts on its Warhammer 40,000: Dark Millennium development efforts. The cuts come at THQ's Austin studios, where 79 employees have been cut, along with its Vancouver, B.C.
Calabasas-based THQ , which develops computer game titles, is closing its San Diego, UK, and Germany offices, and has laid off 100 employees, according to an email to employees from CEO Brian Farrell. The move is part of a restructuring of the firm's THQ Wireless operations.
Agoura Hills-based game developer THQ said Thursday afternoon that it is cutting 114 employees, and that it has "refocused" its efforts on its Warhammer 40,000: Dark Millennium development efforts. The cuts come at THQ's Austin studios, where 79 employees have been cut, along with its Vancouver, B.C.
Agoura Hills-based THQ has swung back into the black, saying Tuesday evening that it had net income of $6.4M The quarter, which ended June 30th, reversed a string of big losses and declines for the company over the last year, which resulted in major layoffs and studio closures at the firm in November and February. on sales of $243.5M
Agoura Hills-based video game maker THQ said late Wednesday that it is cutting 250 employees, or 17% of its staff, after reporting disappointing results. THQ said it would undertake a "significant" business realignment as its looks to focus on fewer, higher quality titles. READ MORE>>
According to layoff filings, required in California of certain companies, Activision Blizzard is looking to lay off 4 employees in El Segudno, and 23 employees in Los Angeles on December 19th. California requires companies to give employees at least 60 day notice of mass layoffs.
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