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THQ Confirms Cuts

A THQ investor report (Adobe Acrobat format) has a confirmation of recent word of layoffs at the company, saying this will impact as many as 240 "selling, general and administrative personnel." THQ CEO Brian Farrell will also take a one-year 50% pay cut, from $718,500 to $359,250. This follows recent word that the company is exiting its relationships with kidsí licensed entertainment companies. Thanks Edge. Update: The number of layoffs was originally listed as 24 due to a typo. Apologies for the error.

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1. Re: THQ Confirms Cuts Feb 1, 2012, 21:19 Beamer
 
1 year 50% paycut, probably a smaller but still very substantial bonus, then when 2012 has enormous comps (would be nearly impossible not to) a raise and a mega bonus to celebrate.  
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