That GameStop is going through a crisis it is no secret, nor that it is trying to renew itself to face the changes in the market. Part of this renewal is beginning to materialize, unfortunately in the dismissal of a large part of the staff of GameStop, also involving the magazine Game Informer, in an attempt to optimize the company's balance sheet. The layoffs amounted to more than 120 employees, circa il 14% of the company's total workforce.
GameStop released a statement on the matter yesterday, explaining the reasons behind the layoffs.
As part of the previously announced initiative, GameStop Reboot, to transform our business for the future and to improve our financial performance, we can confirm a reduction in the workforce achieved by involving more than 120 staff members, representing approximately 14%. of our associate base at the company's headquarters, as well as in other offices. While these changes are difficult, they were needed to reduce costs to better align the organization with our efforts to optimize the business in order to achieve our future goals and success factors. We appreciate their dedication and service to Gamestop and are committed to supporting them during this transition period.
