End of days: THQ employees get the memo

by Nathan Misa Featured 5 Comments 25 Votes 2042 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
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End of days: THQ employees get the memo Comments

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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.

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