THQ Closes Five Studios, Lays Off More (THQI)

More gaming industry layoffs: THQ (THQI) has shuttered five of its sixteen gaming studios. Kotaku has a list of studios on the chopping block: Gone are Paradigm, Helixe, Locomotive, Sandblast Games, and Mass Media. But the cuts don’t stop there. THQ’s Juice Games lays off 30 to 40, and cuts have come to Illinois-based Volition as well:

We’ve contacted THQ asking how many of their approximately 1,600 employees have been let go; so far no word. Perhaps they’ll announce more during their earnings presentation on Wednesday.

See Also:
Layoffs Come To Casual Gaming: WildTangent Lays Off 20%
Wall-E: Box Office Gold, Lackluster Video Game

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.

Tagged In

gaming sai-us