GameStop layoffs — Dec 6, 2022

GameStop cuts crypto team in December 2022 layoff, number of jobs not disclosed

GameStop laid off workers and reduced the size of its crypto team on December 6, 2022, according to a Fortune report surfaced through Google News. The company did not disclose how many jobs were cut or what percentage of its workforce was affected.

The move was described as part of broader cost-cutting at the company. The available source material does not include a specific headcount reduction, and no additional details were provided about which roles were eliminated or whether the cuts were limited to the crypto unit.

GameStop is best known as a video game retailer, and in recent years it has also been associated with fintech and digital asset initiatives. The reported reduction in its crypto team suggests the company was scaling back that effort as it worked to lower expenses.

No direct quote from company officials was included in the source text provided. Based on the available reporting, the outlook appears tied to GameStop’s wider cost-management efforts rather than any publicly stated expansion plan for its crypto business.

Sources: Google News