According to Wired's Game|Life, THQ is rumored to be shutting down five of its internal development studios. Wired claims:
"The official developer list has been removed without warning, replaced with a list that includes 5 fewer studios than the previous version. Presumably we'll hear some official confirmation on THQ's plans when the publisher reveals its quarterly financial reports this Wednesday."
THQ's critics point out that the company's recent offerings have been weak outside of its successful WWE and Nickelodeon games. An uneven portfolio combined with current economic conditions make this a tough time to be releasing risky titles, especially original franchises. It'll be interesting to see what announcements are included in THQ's financial report on Wednesday.