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U.S. video game retailer GameStop has laid off over 50 'field leaders,' which includes regional managers, district managers, HR staff, and loss prevention managers.

Chris Kerr, News Editor

August 1, 2019

1 Min Read

U.S. video game retailer GameStop has laid off over 50 'field leaders,' which includes regional managers, district managers, HR staff, and loss prevention managers. 

An internal emailed leaked on Twitter confirmed the news, with the company explaining the move is part of its ongoing 'GameStop Reboot' transformation initiative. 

The struggling retailer is currently attempting to reduce its cost structure and streamline its business so it can free up cash for reinvestment. 

"Unfortunately, with these changes, there are more than 50 field leaders who have been impacted and will be leaving the GameStop team. This includes regional, district HR, and LP leaders. These leaders will be missed and we wish them success in their future endeavors." reads the email.

"These decisions are not easy, but necessary to help us reduce costs to enable investment in revenue-driving initiatives that will help grow the business once again."

It's the latest in a series of bad news days for the company, which back in June saw its share price hit a 16-year low after disappointing quarterly results due to declining hardware and software sales.

Prior the that, GameStop COO and CFO Rob Lloyd stepped down during an executive reshuffle, and the company also closed down its ThinkGeek website in another bid to reduce costs.

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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