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  #1 (permalink)  
Old 05-07-2008, 11:13 PM
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THQ Lay Offs

THQ is planning on laying off about 200 people. They didn't hit their revenue goal, which was released in yesterdays news. The CEO of the company says no biggy, since THQ has plans on increasing their staff by the end of this year.

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May 7, 2008 - Upon yesterday's news that publisher THQ had missed its revenue goals by a good margin, President and CEO Brian Farrel announced at a post-earnings conference that the company would lay off roughly 200 staff members. Even though it has been many years since THQ missed its revenue goals, Farrel remains optomistic about the situation. According to MCV, The CEO told investors not to worry about the lay offs because the company plans to grow from 2,400 employees to 2,700 by the end of the next fiscal year through changes in the company's infrastructure.
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Old 05-07-2008, 11:30 PM
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The CEO of the company says no biggy...
What a dick. It's a big deal to the people who are out of work.
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Old 05-08-2008, 12:20 AM
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shareholders react positively to layoffs, it saves the company a lot of money.

unfortunately, they usually lay off the high earners, which are the best programmers and designers.
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Old 05-08-2008, 12:23 AM
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Yup. I understand business is business and publicly traded companies are only interested in pleasing the shareholders. It's still a poor attitude for the CEO to take though.
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Old 05-08-2008, 10:26 AM
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i second that, it's pretty bs when you got bills to worry bout
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