GameStop Layoffs Continue as Company Pivots to Blockchain

GameStop, one of the largest video game retail distributors in the industry, has continued to lay off its staff at both the sales and executive levels.

The company fired its Chief Financial Officer, Mike Recupero, this week, and continued on with another bout of layoffs. Casualties reportedly include a variety of staff from the corporate level, data integrity, and customer service through to Game Informer reporters. (Game Informer is owned by GameStop.) The full scope of the layoffs are unclear.

According to an e-mail CEO Matt Furlong sent July 7, the staff reductions are meant to help the company better perform to meet its new vision.

“Change will be a constant as we evolve our commerce business and launch new products through our blockchain group,” CEO Matt Furlong wrote in an email sent to staff Thursday and subsequently published by Kotaku. “After investing heavily in personnel, technology, inventory and supply chain infrastructure over the past 18 months, our focus is on achieving sustained profitability.


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