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.
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