End of days: THQ employees get the memo

by Nathan Misa Featured 5 Comments 25 Votes 2285 Views 26/01/2013 Back to News

Employees of THQ's corporate HQ and Vigil studio will finish working for the bankrupt publisher today. In a memo sent to all affected employees and obtained by IGN, THQ explains that employees will have most of their benefits terminated today and that severance package pay or pay for vacation day is yet to be determined.

The memo notes employees have until the end of the day to remove all personal items, that access to the building will be shut off today, and that the final round of payroll will occur.

The memo also explains that employees still have health insurance until January 31, but life insurance and short-term and long-term disability coverage will terminate today. All THQ stock is also now worthless.

THQ held an auction earlier this week to sell off most of their assets, with the publisher's intellectual property and some studios picked up by several other companies, while other IPs, most notably Darksiders, have yet to be picked up. Another auction is planned to handle the remaining properties.

By Nathan Misa

Link to us http://PS3.mmgn.com/News/end-of-days-thq-employees-get-the-memo
Vote for this article Log in with Facebook

End of days: THQ employees get the memo Comments

Leave a comment Log in with Facebook
Poor guys n girls.

All THQ stock is also now worthless.


I'd still buy afew, if i knew how [MOG]
"have until the end of the day to remove all personal items by the end of the day"

Please tell me that this is not word for word what the THQ memo said
Would feel like crap if you were one of the staff there at THQ. This is not some factory production line job where you don't care, these guys would have pored hours of time and effort into trying to make some creative,original and something that others will like. I do hope they all move onto other jobs that make them happy.

Post a comment

Leave a comment Log in with Facebook

Recently Read

Featured PS3 Content

GOTY 2015: Best Game Of 2015

GOTY 2015: Best Game Of 2015

22/12/2015 Polls 17 13
Friendly Fire Show 117: It

Friendly Fire Show 117: It's not goodbye, it's Halo!

Podcast 6 days Articles 2 3
MMGN.com in 2016 - Why there is no new content

MMGN.com in 2016 - Why there is no new content

MMGN 6 days News 5 14
Star Wars: The Force Awakens Play Set review

Star Wars: The Force Awakens Play Set review

Gryllis 13/01 Reviews 1 3
MMGN Game Of The Year 2015 Results: You decided
Tano 07/01 News 23 12
Sony will offer PS Plus extensions for PSN issues
Gryllis 06/01 News 8 9
UPDATE: PlayStation Network services back online
Tano 05/01 News 2 7
MMGN GOTY 2015 Voting closes Jan 7

MMGN GOTY 2015 Voting closes Jan 7

GOTY 05/01 News 3 7
Year in review: The stories that mattered in 2015

Year in review: The stories that mattered in 2015

Tano 31/12 Articles 1 3

Community Content

#PAXAUS Melbourne Tourist Guide

#PAXAUS Melbourne Tourist Guide

29/10/2015 Blog 11 0

MMGN Updates

Status
Updating..
Username

kangle4, MyFragian commented on Special edition 2DS Pokémon Red, Blue and Yellow bundles revealed

kangle4 2 days ago
Username

talka is now Level 4!

talka 3 days ago
Username

commented on MMGN.com in 2016 - Why there is no new content

Booth 4 days ago
Username

commented on GOTY 2015: Best Game Of 2015

jamesbradl 4 days ago
Username

commented on MMGN.com in 2016 - Why there is no new content

maxiboy 5 days ago
Username

Dave-in-lk is now Level 7!

Dave-in-lk 31/01/2016
Username

KezDaMuss is now Level 15!

KezDaMuss 30/01/2016
Username

heavenly10 is now Level 2!

heavenly10 30/01/2016