GameStop is one of the biggest video game retailers on the market at the moment, and unfortunately the retailer has suffered another blow as the company is preparing to lay off numerous workers.
A memo which was leaked onto Twitter states that more than 50 "field leaders" are in preparation of loosing their jobs. The positions that are queued up to be lost are: regional managers, district mangers, loss prevention managers and HR staff. According to the memo, GameStop is cutting their losses and are looking to "reduce our cost structure and build efficiencies into our field leadership organization so that we can reinvest in the business."
The memo continues and says "These decisions are not easy, but necessary to help us reduce costs to enable revenue-driving initiatives that will help grow the business once again." It seems GameStop are looking at re-structuring their entire business, perhaps this decision has been influenced by the gaming market prominently now purchasing games online rather than physical media. I would think that GameStop would be conceiving a business idea that coincides with both physical media purchasing as well as online purchasing.
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