GameStop Confirms More Layoffs, Share Price Tumbles After Sales Slide
GameStop has published its latest earnings briefing, and as part of it, the video game retailer said it was cutting an unspecified number of jobs, according to Reuters.
These layoffs could be part of the previously announced plan to close a GameStop Fulfillment Center in York, Pennsylvania; this move will impact more than 150 people.
GameStop’s latest data shows the company has around 8,000 full-time salaried and hourly workers globally. In addition, GameStop employs between 13,000 and 18,000 part-time, hourly workers depending on the time of year. These numbers are down substantially. During the previous fiscal year, GameStop had 11,000 full-time salaried and hourly workers and between 14,000 and 27,000 part-time hourly associates based on the time of year.