THQ Inc. (THQI)THQ Closes Multiple Studios Gamasutra - November 3, 2008
Submitted by apujanata (14935)
at 3:07PM PST on November 3, 2008
THQ is making significant staff cuts to its internal development studios, with Paradigm Entertainment reportedly being closed (affecting the entire studio)and Juice Games seeing a workforce reduction of about a third. Los Angeles-area THQ studio Mass Media, Santa Clara, CA-based Locomotive Games and Seattle-based Sandblast Games are also closed. Phoenix, Arizona-based Rainbow Studios has seen unspecified amounts of layoffs.
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When I say untrustworthy, it is not that I meant he is a criminal. Untrustworthy in an CEO position meant lots of things, like delusional, incapable of making the right decision, egotistical. In short, all the negative vices that as a total package meant he is not fit to be CEO, just like Jerry Yang. I thought Jerry Yang is egotistical, but it seems he is only delusional, which is a milder negative traits, but still not good to have in an CEO.
Thanks for the insight into THQ and its CEO. As an aside, it was never easy to do M&A (Merger and Acquisition), and the failure rate for M&A is very high, which is why it is not a "hot" trend anymore.
BTW, is it possible for me to borrow your crystal ball ? It should help me increase my networth faster. :D
It is interesting to note that in the article you linked to, there was mention that "de Blob" was considered commercial & critical success. I guess I should have given it a try (haven't bought the game yet, since I am not really into puzzle game, and it seems that de Blob is a puzzle game).