THQ posted a pretty big loss of $35.3 million for their 2007 fiscal year and they are going to have to lose 200 employees.
They note that most of the layoffs will be to last-gen studios and teams and that by the end of the year they hope to gain 300 employees overall.
The new hires will be funneled into THQ's next-gen development efforts.
THQ publishes WWE games, Company of Heroes, and more.
Shacknews: THQ to Cut 200 Employees