GameStop Lets Employees Go Amid ‘Reboot’
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GameStop has been struggling in recent years to find its place in a market that is growing increasingly digital. The value of GameStop shares is at the all time lowest at $4.02. Amid all of this, reports from Kotaku have confirmed that more than 50 people have been laid off in the regional sales team.
Gary Riding, the senior VP of sales for GameStop, sent out an email to affected stores that read, “As part of our continued GameStop Reboot transformation initiative, a dedicated team, including the Retail Vice Presidents, HR, LP. and the U.S. Store Operations leadership team, have been working diligently to realign our current field regions and districts in an effort to reduce our cost structure and build efficiencies into our field leadership organization so that we can reinvest in the business.”
Source via Kotaku