THQ to cut 100 jobs at wireless division
CEO Brian Farrell reveals cost cutting restructuring plan
THQ has announced it intends to restructure its wireless division in a bid to return the company to profitability - cutting 100 jobs in the process.
The news was broken by an internal memo from CEO Brian Farrell who informed employees of the details of the plan, inititally announced last November, according to mocoNews. Farrell said the company's Universomo studio would continue to be the centre of its wireless business.
"As part of our goal of aligning our business to focus on our most competitive product categories, we have decided to streamline our THQ Wireless operations to focus only on games for high-end handheld devices," explained Farrell.
"Given today's market environment, we believe our focus on the high-end handheld market is critical to strengthening our market position and achieving profitability. As a result, we will be downsizing our wireless group and will be closing our San Diego, UK and Germany wireless offices. Approximately 100 employees will be affected."