Other GameStop Hit With New Layoffs

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Demon_Skeith

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GameStop has had a number of hiccups that have kept the company from making a resurgence as a successful online retailer, which it needs to do in order to stay relevant in a modern world where fewer people shop at brick-and-mortars. When he left the company’s board of directors, former Nintendo President Regis Fils-Aime stated that GameStop’s lack of a focused strategy was part of the reason. And perhaps that absence of a specific game plan partially explains why GameStop lost over $100 million in three months at the end of 2021.

Now, more bad news has been shared about the gaming retailer, this time in the form of more layoffs that will impact employees across GameStop and Game Informer, the monthly gaming magazine that has been run by the company since 2000. As of the time of writing, it is not yet clear how many positions have been cut, but it sounds like the number is rather large. According to CEO Matt Furlong, the goal of this workforce reduction is to “sustain profitability,” and the company plans to invest more in its store leaders and employees, though it's not certain what that means. Paradoxically, in the aftermath of the layoff announcement, GameStop’s stock value fell overnight.
 
Hopefully, most of the workers, who got lay off, can find new jobs. I wonder how GameStop manage to lose over $100 million in three months which is a lot of money on a short amount of time.
 
Cutting off the people at the top isn't too bad. The last thing you want is a bloated organisation I guess. And with the magazine staff, I guess people just aren't interested as much in a gaming magazine anymore
 
Ash said:
Cutting off the people at the top isn't too bad. The last thing you want is a bloated organisation I guess. And with the magazine staff, I guess people just aren't interested as much in a gaming magazine anymore
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They do have an online option, but pointless to pay for anything when dozens of other sites post for free.
 
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Exactly. Gaming magazines just aren't as attractive anymore, especially without the freebies that some offered like game trials/demos
 
Ash said:
Exactly. Gaming magazines just aren't as attractive anymore, especially without the freebies that some offered like game trials/demos
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I would still get it because GI did have the intresting random article you won't see elsewhere, but dropped them when GS gutted the orginal staff.
 
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