GameStop continues to face various problems. Since the start of the pandemic, the chain of stores has substantially lowered its sales, which has caused a series of mass layoffs. Now, the departure of an important executive was recently announced, and a substantial reduction in employees in stores, as well as at Game Informer.
According to video game journalist Stephen Totillo, GameStop CFO Mike Recupero has left the company, and Diana Jajeh, the company’s CAO, will take his place. With this, departures of a variety of employees have been announced following a four-for-one stock split.
For now it is believed that it is not an insignificant amount of layoffs, but the total number has not been confirmed. As if that were not enough, the Game Informer staff is once again affected by this situation after experiencing a similar situation at the end of 2019.
According to Totillo’s report, GameStop sent an email, highlighting their efforts with their “evolving trading business,” in reference to new blockchain and NFT operations. The company also plans to invest in store leaders and “field employees” after 600 corporate hires in 2021.
What does this mean for the future of GameStop? Okay, the company continues to adapt to the times, trying to stay afloat. However, it seems that nothing has worked for the company so far, and a similar situation is not ruled out in the future.
In related news, GameStop employees resign due to poor working conditions. Similarly, GameStop has created its own NFT store.
Editor’s note:
GameStop goes from bad to worse. It seems that the company just can’t stay afloat at the moment. It’s a shame that one of the most important elements of video games in the United States is declining so quickly.
Via: Axios
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