After a long battle with solvency, beleaguered THQ will cease to exist in a matter of weeks. Its assets have been sold off and its properties divided among several other companies. In a letter sent out today by the CEO, employees are “expected” to be employed by the new companies but that there are no guarantees.
If you are an employee of an entity that is not included in the sale, we regret that your position will end. A small number of our headquarters staff will continue to be employed by THQ beyond January 25 to assist with the transition. THQ has sufficient resources to pay these employees for work going forward, and we will be contacting these employees immediately to ensure their continued employment during this transition period. We are requesting the ability to offer certain severance pay to minimize disruption for employees of non-included entities as they determine the next steps in their careers.