THQ’s the latest publisher to announce horror end-year financials today, revealing a $191.8 million loss for the three months ending December 31.
Sales for the period were $357.3 million, a year-on-year drop of 30 percent.
The company had already confirmed it was to drop 250 staff, but extended the redundancies today to 600, 24 percent of its total workforce.
The move should cut costs by $220 million in fiscal 2010, said the firm.
“Our focus for next fiscal year is to return to profitability and to generate cash,” CEO Brian Farrell said in a statement. “Our fiscal 2010 plan will reflect the benefits of our focused product strategy and strong actions on costs.”
Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.