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THQ incurs more layoffs, five internal studios not affected


THQ went through another wave of layoffs today, which affected its administrative and publishing departments. The company would not share details about how many people lost their jobs, but stressed that this did not affect its five internal studios: THQ San Diego, Relic, Volition, Vigil and THQ Montreal.

"As recently announced, the company is exiting the kids' licensed games category, and is focusing on its core game franchises and developing its digital initiatives," THQ stated on the issue. "The company will provide greater financial detail regarding the costs and organizational benefit on its third quarter 2012 conference call scheduled for Thursday, February 2, 2012."

THQ announced a new strategic realignment earlier this week, shutting down its children's properties and focusing on "core games," like those provided by the unaffected studios.

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