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THQ confirms 240 job cuts, CEO takes pay cut
Ailing publisher THQ on Wednesday confirmed deep cuts to its headcount, related to recent restructuring measures. The publisher initiated a plan last week to lay off 240 sales, general and administrative personnel worldwide, according to a regulatory filing. The confirmation of the cuts comes shortly after THQ said it would be exiting the once-lucrative kid’s licensed game business, and restructuring to focus on core games and digital revenues. Most of the layoffs will be completed …
