The hits just keep on coming for THQ. Last week, the publisher announced a shift away from licensed kids' games, likely related to poor multiplatform uDraw tablet sales. Yesterday, NASDAQ warned THQ that its underperforming stock, which is currently trading at $0.72/share, could be delisted in six months.
THQ expects that the layoffs will cost about $8.5 million -- $8 million in severance for affected employees, and $0.5 million in contract terminations -- and that the company will incur additional costs of $2.5 million for abandoning other "fixed assets." Most of the layoffs will come before the end of the company's 2012 fiscal year on March 31, and the rest will occur between then and the end of the fiscal second quarter on September 30.
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