THQ is taking some drastic measures after a string of sales disappointments.
Saints Row The Third (THQ)The game publisher, once the industry's third largest, has laid off 240 employees and cut its CEO's salary in half for a year, according to an SEC filing. This follows a recent announcement that the company's stock might be removed from the NASDAQ stock exchange.
It seems THQ's restructuring efforts have been going on for a while now. The company has cut over 700 jobs since 2008 and vowed several times to back away from the children's licensed game market.Read More »from Troubled THQ fires 240, cuts CEO salary in half