THQ Restructures Wireless Division; Will Focus On Smartphones And Layoff 100 Employees

imageTHQ (NSDQ: THQI), the global game developer and publisher, told employees yesterday that it plans to restructure its wireless division based on plans announced in November to return the company to profitability. As part of the restructuring, the company will close the U.K. and Germany offices, focus its efforts on developing games only for smartphones and will layoff about 100 people worldwide. A number of confusing reports came out this morning, but we have the internal memo from CEO Brian Farrell to clear up the matter. (Entire text after the jump.)

Farrell wrote: “As part of our goal of aligning our business to focus on our most competitive product categories, we have decided to streamline our THQ Wireless operations to focus only on games for high-end handheld devices. Given today

Comments have been disabled for this post