Info : 24% of THQ staff cut after $192 million Q3 loss

Big Loss!!

More than 600 workers pink-slipped afterwards 30% acquirement decline; Saints Row 2 ships added than 2.6 million, WWE SmackDown vs. Raw 2009 acme 4 million.

Anyone acquisitive that the Bataan Death March of black game-publisher earning letters would end anon saw their prayers go disregarded this week. The day afterwards Electronic Arts appear a $641 actor accident for the division concluded December 31, 2008, THQ angry in its banking numbers for the aforementioned period.

The three months saw the Saints Row 2 administrator ache a net accident of $191.8 actor ($2.86 per share), way bottomward from the $15.5 actor accumulation ($0.23 cents per share) that it appear during the aforementioned aeon in 2007. Overall, THQ's October-December acquirement fell 30 percent year-on-year from $509.6 actor (2007) to $357.3 actor (2008).

As a aftereffect of its banking shortfall, THQ affairs to lay off 24 percent of its common workforce, or 600 people. The advertisement comes three months afterwards THQ bankrupt bristles centralized studios and automated addition two. Aloof 10 canicule later, it appear that it was accent aback its absolution agenda to aloof one or two amateur for the hardcore bazaar anniversary year.

"We delivered high-quality amateur to bazaar this anniversary season, but fell abbreviate of our acquirement and accumulation targets in this arduous environment," said Farrell in a statement. "We are demography awful targeted accomplishments with the cold of advance in amateur with the accomplished authorization abeyant and abiding to profitability. We accept accomplished on our ahead appear plan to abate our amount anatomy by $120 million. Given connected bread-and-butter weakness, we plan to abate costs by an added $100 million."

THQ's losses came admitting what looked like solid numbers for some of the anniversary releases to which Farrell referred. The abundantly accustomed WWE SmackDown vs. Raw 2009 shipped--not sold--more than 4 actor units, followed by the better-regarded Saints Row 2 with 2.6 actor units. The alarmingly accepted de Blob alien some 700,000 units.

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