GameStop continues to crumble. The ailing retail business has followed up its dismissal of dozens of regional managers earlier this month with another round of lay offs, slashing 120 corporate staff positions.
The casualties include at least seven Game Informer editors, who confirmed they were let go on Twitter. The magazine has enjoyed quite a bit of success over its nearly three-decade history, but its luck appears to be running out due to GameStop’s financial troubles.
“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.”