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GameStop Lays Off Over 100 People

One of the few hard copy video game retailers in the US, GameStop, has laid off over 100 of their employees including half the editors at their mamagize Game Informer. This news comes just weeks after GameStop laid off dozens of regional managers across the country.

“As part of the previously announced GameStop Reboot initiative to transform our business for the future and improve our financial performance, we can confirm a workforce reduction was implemented impacting more than 120 corporate staff positions, representing approximately 14% of our total associate base at our company headquarters as well as at some other offices,” a GameStop spokesperson told Kotaku in a statement. “While these changes are difficult, they were necessary to reduce costs and better align the organization with our efforts to optimize the business to meet our future objectives and success factors. We recognize that this is a difficult day for our company and particularly for those associates impacted. We appreciate their dedication and service to GameStop and are committed to supporting them during this time of transition.”

It's not hard to imagine why GameStop is having to shed weight. Just over 10 years ago their stock was soaring at $44 but as of August 19, 2019 it sits at just $3.38 thanks in no small part to the rise in gamers preference for digital content.

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