Grapevine, Texas-based GameStop, a major video game and consumer electronics retailer, continues to struggle financially as consumers abandon brick-and-mortar stores for the convenience of online purchases, especially for downloadable products. In an attempt to further reduce costs, GameStop has laid off more than 120 corporate staff employees, including those in email marketing, inventory management, licensing, and other departments. Many of the job losses are said to have been associated with the company’s print and digital publication, Game Informer.
A company spokesperson noted, “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."
The company continues to struggle with major losses and a reported failure to find a white-knight buyer for the company.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?