No real details have emerged yet, but if reports from Kotaku Australia turn out to be true, THQ is in far worse trouble than they’ve admitted. Just over a month after THQ told Australian gaming site Ausgamers that they had “an exciting new gaming announcement” coming soon, Kotaku’s source said yesterday that 14 of THQ’s remaining Australian employees were made redundant, which is former British Empirespeak for ‘laid off’. Ouch.
But it gets worse. The source further asserts that THQ Japan is slated to be shut down entirely, a process currently ongoing. Coming so soon after the developer closed down their two Australian subsidiaries, got rid of their kids’ games division and faced rumors that they planned to cancel their slate of upcoming games and sell the company, this report has the ring of truth. Yes, they denied that last rumor, but the closing of underperforming divisions and the enactment of mass layoffs are steps one and two in the “we are almost completely boned” corporate playbook. Assuming these new rumors aren’t debunked, bet money right now that THQ is either trying to secure some kind of new investment, or really is looking to be acquired. At the very least, it’s very possible that THQ CEO Brian Farrell is among those who may become ‘redundant’ in the coming months.
THQ has not confirmed this report yet. When they do, we’ll update. In the meantime? Better buy yourself a copy of Saints Row: The Third while you can. The scathing letter sent last week by a former THQ employee to the board and to the press only seems more relevant.
source: see original
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