Video game and merchandise merchant, GameStop, has been struggling to keep up with its competition. This led to several CEOs coming and going and now the jobs of over 100 corporate employees are being shelved, too.
In a message sent to Kotaku, a GameStop spokesperson explained this was part of their GameStop Reboot that was announced earlier this year.
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.
The news comes mere weeks after dozens of regional managers were fired.
The firings came out of nowhere, doubly so for their subsidiary, Game Informer. The monthly gaming magazine publication was notified of this and seven of their editors were fired, one of which was seemingly on vacation at the time. The group employed about 19 full-time editorial staffers.
Game Informer editor-in-chief Andy McNamara thanked people for their support in these trying times.
I appreciate all the love. I see it. I feel it. I am trying to get things right with my people.
He went on to tell his love for the publication which he has been working at for 28 years.
I love Game Informer, its people, and its readers more than any corporation could, and I will address all the issues when I can, but for now, I need to focus on my GI family.
The future is shaky for the GameStop-owned publication. Until those a part of it can speak out, we’ll never know what’s to come or just how many people will lose their jobs.
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