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Layoffs Hot Keyword for Second Half of January 2009

SoCal CTO

Last month we Launched Los Angeles Tech and in the announcement we provide the Hot List for the first half of January 2009. But, in running it now for the second half of January, the keyword that popped to the top was: Layoffs And this is definitely a sign of the times. You can go to the Hot List post to see what was hot then.

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THQ Completes Cost Cutting

socalTECH

Agoura Hills-based video game maker THQ announced this morning that it has "substantially completed" its latest business realignment, which will save the firm $220M in annual costs. THQ announced in February that it was cutting 600 people, or 24 percent of the workforce. Tags: video game studio content employment jobs layoff.

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THQ Gains On UFC Title

socalTECH

Agoura Hills-based THQ has swung back into the black, saying Tuesday evening that it had net income of $6.4M for its fiscal first quarter, on the strength of the firm's new UFC 2009 Undisputed title. on sales of $243.5M The positive results compared with a loss of $27.2M and sales of $137.6M last year for the same quarter. READ MORE>>.

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