Rumors are around that THQ will be closing the doors on five of their studies this week, 16 to 11; Paradigm, Helixe, Locomotive, Sandblast Games and Mass Media, are the rumored studios to be closing down. Could this be an effect from the economic crisis the whole world is in, or just some normal layoffs?

Update: Helixe had this to say when asked about them closing their doors.

“You’ve got it. … We’re packing today.”

Link, Link