THQ Continues Free Fall As 120 Jobs Are Cut
Yet another downsize of THQ’s workforce has been announced, the fifth in just 3 months. This time, game developers are directly affected, as roughly 80 positions from Vigil Games have been made redundant, and another 40 have been let go at Relic Entertainment.
This also comes off of the announcement that their next big MMO project Warhammer 40,000: Dark Millennium will no longer be an MMO. Instead, it will be a single-player and online multiplayer game. It hasn’t been said how they’ll transition from a MMO to a smaller online game, but if I had to guess, it’s not going to be pretty. Anytime a game has to radically change its focus, there will bound to be some problems.
CEO Brian Farrell will have his salary halved, from $720,000 to $360,000. This isn’t the first time that his salary has been reduced this year, and he has been called upon to resign. That day could come relatively soon, because if THQ’s stock prices aren’t raised above $1 in the next few months, they will be delisted from the Nasdaq stock exchange. Things are already pretty bad at THQ, and that might be the final nail in the coffin, so to speak.
