End of days: THQ employees get the memo

by Nathan Misa Featured 5 Comments 25 Votes 2076 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

Destiny - Which platform?

Destiny - Which platform?

10/09/2014 Polls 0 3
Shangri-La rules: Far Cry 4 steps up the insanity

Shangri-La rules: Far Cry 4 steps up the insanity

Gryllis 2 days Articles 0 4
PES 2015 trailer takes it right up to FIFA 15

PES 2015 trailer takes it right up to FIFA 15

Tano 2 days News 3 4
Silent Hills looks horrifying

Silent Hills looks horrifying

Tano 2 days News 7 12
Metal Gear Collection 2014 revealed, but it

Metal Gear Collection 2014 revealed, but it's not what you expected

Tano 2 days News 5 8
Destiny proves popular with gamers, making US $325m

Destiny proves popular with gamers, making US $325m

Gryllis 3 days News 0 6
Watch The Evil Within
Gryllis 3 days News 3 5
ZiNG Pop Culture Stores open around Australia

ZiNG Pop Culture Stores open around Australia

Leasha 3 days News 13 11
Watch Dogs’ Bad Blood DLC is worth hacking into

Watch Dogs’ Bad Blood DLC is worth hacking into

Gryllis 4 days Articles 1 7

Community Content

ZiNG Pop Culture Stores open around Australia

ZiNG Pop Culture Stores open around Australia

Leasha 3 days News 13 11
Awesome Gaming Stuff Of Tomorrow, Today! Vol. 3

Awesome Gaming Stuff Of Tomorrow, Today! Vol. 3

02/09/2014 Blog 10 0

MMGN Updates

Status
Updating..
Username

Mark681 just unlocked the Welcomed achievement!

Mark681 3 hours ago
Username

Geekstar got NBA Live 14, Need for Speed: Rivals, Battlefield 4, Madden NFL 15 and other 2 games

Geekstar 4 hours ago
Username

Geekstar just unlocked the Welcomed achievement!

Geekstar 4 hours ago
Username

sjt333, CybaCowboy commented on ZiNG Pop Culture Stores open around Australia

sjt333 12 hours ago
Username

clo89 is now Level 4!

clo89 12 hours ago
Username

commented on Watch The Evil Within's TGS trailer, if you dare

stonecold 14 hours ago
Username

CybaCowboy is now Level 15!

CybaCowboy 16 hours ago
Username

crazynites just unlocked the Socialite achievement!

crazynites 1 day ago