THQ Axes 17% of Staff Under 'New Strategic Plan'
Along with the studio closures, THQ cancelled "several titles that were in development but had not been publicly announced." The company cited decreased consumer confidence, a "cautious" retail environment, and problematic exchange rates as factors that lowered its overall expectations for the current year.
While THQ will now produce less games, the studio claims this strategy will allow it to have bigger budgets on select titles. Moving forward, it hopes to focus on fighting games, such as UFC titles, more rational kids and family games, and migrating "key brands" to the online arena, such as Company of Heroes... Read more
