Fighting the GameStop trade chain dismisses more than a hundred employees today, as in its corporate headquarters in Grapevine, Texas, and other offices, including its subsidiary Game Informer a Minnesota magazine, where nearly half of the editors lost their jobs in a surprising job.
“As part of the previously announced GameStop Reboot initiative to transform our business for the future and improve our financial performance, we can confirm that our workforce reductions have taken place, affecting over 120 corporate staff positions, which represents approximately 14% of our total associate base at our company headquarters as well as in some other offices, "GameStop spokesman Kotaku said in a statement.
" Although these changes were difficult, they were necessary to reduce costs and better aligning the organization with our efforts to optimize our business to meet our future goals and success factors.We recognize that this is a difficult day for our company and especially for those affected. We value their dedication and service to GameStop and we are committed to supporting them during this time of transition. ”
This news comes just weeks after GameStop fired dozens of regional managers after a brutal year in which the company tried (and then stop trying) to sell. GameStop shares have plummeted over the past few years as the retailer continues to struggle to stay afloat in a world where digital distribution has grown to dominate gaming.
Redundant Blind Officers in Game Informer Today Seven of the editors of the popular magazine announced on Twitter this afternoon that they were fired including one who said he was on vacation . (By Game Informer at the head of the magazine, the magazine has 19 full-time editions.)
"I'm trying to get things right with my people," editor-in-chief Andy McNamara wrote on Twitter ]. "I love Game Informer its people and its readers more than any corporation could, and will solve all the questions when I can, but for now I have to focus on my GI family."