Last November publisher THQ announced plans to cut 250 workers from its payroll and shut down five development studios amidst poor financial results. Today the company released its latest financial numbers and as expected they were not good. Revenues for the quarter ending Dec. 31 2008 were $357.3 million, down from $509.6 million from the same period a year ago.

THQ recorded a loss of $191.8 million for the quarter compared to a $15.5 million profit for the same period a year ago. Because of these continued losses, THQ has announced even more cost-saving measures which will unfortunately now cause a total of 600 THQ team members to lose their jobs. That represents a whopping 24 percent of the company's total head count.