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PunchDrunkGamer.com - UFC, MMA, Kickboxing, Glory, Xbox One, Video Games, PS4, PC and Entertainment Forums The PunchDrunkGamer.com Forums are your source for UFC, UFC news, UFC event coverage, MMA, GLORY, Kickboxing, kickboxing news, Muay Thai, Videos and Xbox 360, PS3, Gamer Girls photos, Ring Girl photos, Video Game Trailers and game reviews. 2009-02-04T21:26:13-07:00 https://uwatch.tv/feed.php?f=2&t=3347 2009-02-04T21:26:13-07:00 2009-02-04T21:26:13-07:00 https://uwatch.tv/viewtopic.php?t=3347&p=13102#p13102 <![CDATA[THQ to Cut 600]]>

http://www.MarketWatch.com reports on THQ's fiscal third quarter financial results, and between falling sales and other write-downs, the publisher reports a net loss of $191.8 million ($2.86 per share) for the quarter ending December 31, announcing they will be laying off 600 employees as a cost-cutting measure, which represents about 24% of the company's staff. Those losses for the quarter, compared to earnings of $15.5 million (23 cents a share), for the same period last year, would have been a much more modest 9.6 million, a 14 cents per share loss if not for the write-downs, but that sill would have fallen short of analyst projections of seven cents per share earnings.


SEE ALSO:

Report: Sony to post first loss in 14 years - viewtopic.php?f=2&t=3098&view=next

540 jobs to be cut on news that EA lost $310 million - viewtopic.php?f=2&t=1867&view=previous
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