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 kids’ licensed entertainment companies. Thanks
Edge.
Update: The number of layoffs was originally listed as 24 due to a typo. Apologies for the error.