Lay offs timed to line up with E3
THQ laid off the entire staff of its San Diego office today.
Reports surfaced on twitter eariler this evening, claiming the layoffs were timed to coincide with press coverage of the E3 conference taking place in L.A. this week.
THQ has taken massive hits financially in recent years, and has closed several studios, sold IP, and taken desperate corporate restructuring measures in order to cut costs.
"THQ confirms that today’s announcement regarding the UFC license transition will affect the company’s San Diego studio,” THQ vice president of communication Angela Emery told GamesBeat.
“THQ is working closely with those relevant staff to either find possible employment within the company, or potentially with EA."