Following a rumor that surfaced a couple of days ago, GameStop has now confirmed that over 100 employees have been laid off. While some were done at their headquarters in Grapevine Texas, many were done to their Game Informer subsidiary with nearly half of those employed being let go.
GameStop said in a statement to Kotaku:
“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.”