GameStop has laid off an undisclosed number of employees, including those who work at gaming publication Game Informer which is owned by the retailer. GameStop has been struggling quite a bit over the last decade as many people have transitioned to buying video games digitally as opposed to physically. The retailer has still been a reliable place to purchase the somewhat scarce PlayStation 5 and Xbox Series X consoles, but generally, it has been an uphill battle. The company was in the news a lot in 2021 after it had a bit of a resurgence thanks to an absurdly large spike in its stock price, which motivated the company to try new things such as investing in NFTs and re-think its business strategy.
BREAKING: GameStop CFO out, layoffs across company, including at GameStop proper and Game Informer. Unclear how hard people have been hit but doesn’t sound small. “a number of reductions” as per company memo
