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Rubin Promises No More THQ Job Cuts

by on June 11, 2012
 

New THQ president Jason Rubin recently spoke to Joystiq about some of the challenges the company will be facing in the next few years.

Rubin said that the company has “the appropriate number of teams and the appropriate number of people working on products, and we’re not gonna be continuing to cut teams.” However, he did add that “everything is up for change.”

As far as projects go, Rubin said that the Insane trilogy by Guillermo del Toro is “still in the slate.”

“I’m taking every project as clay, a clay statue that’s been built. It’s not nearly been completed. It can be augmented, it can be shrunk, it can be changed,” he said.

Meanwhile, THQ released their annual form 10-K to the Securities and Exchange Commission that includes “risk factors” the company is going up against.

“We have incurred operating losses during the last five fiscal years,” the first item on the list states. “We have restructured our business operations in order to adjust our cost structure to better align with our expected future business; however, we may continue to incur losses in the future.”

The list goes on to add that the company may need “additional capital to fund our planned business operations.”

“We believe we have adequate resources to execute on our product plan and deliver our multi-year pipeline of games; however, there can be no assurance that we will be able to do so without additional capital,” the form states.

If the money does deviate, THQ “may need to defer and/or curtail currently-planned expenditures, cancel projects currently in development, and/or pursue additional funding or additional external sources of liquidity, which may not be available on financially attractive terms, if at all, to meet our cash needs.”

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