U.S. game and tchotchke retailer GameStop laid off roughly 120 people this week as part of the company's ongoing effort to restructure and respond to its recent financial troubles.
U.S. game and tchotchke retailer GameStop laid off roughly 120 people this week as part of the company's ongoing effort to restructure and respond to its recent financial troubles.
The news began to spread this morning after a number of staffers at GameStop-owned games media outlet Game Informer reported they'd been laid off today.
When reached by Gamasutra for comment, a GameStop representative confirmed that 120 people (or roughly 14 percent of the company) had lost their jobs as part of the company's "GameStop Reboot" restructuring initiative.
This is a significant wave of layoffs, and it comes just weeks after a leaked internal email confirmed that over 50 GameStop "field leaders" were laid off as part of the "Reboot" effort. If you or someone you know has been affected by these layoffs, you can email Gamasutra to share your story confidentially.
Here's the full GameStop statement regarding today's layoffs:
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. 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.
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