A spherical of layoffs have begun at GameStop, the corporate on the heart of 2021’s meme inventory craze, in line with a supply accustomed to the matter and a number of LinkedIn posts from individuals claiming to be impacted.
Particulars: One supply throughout the firm tells Axios that the group constructing GameStop’s blockchain pockets was closely impacted.
- Subsequently, at the very least six software program engineers have claimed on LinkedIn to have been let go.
- Axios has been unable to verify the approximate scale of the layoff.
- GameStop has not replied to a number of requests for remark from Axios.
What they’re saying: A software program engineer at GameStop posted on LinkedIn: “One other large spherical of layoffs from GameStop at present in progress… E-commerce Product and Engineers… A number of them.”
- A second GameStop software program engineer wrote, “Tremendous unhappy to say I used to be aside of the layoffs as we speak at GameStop.”
- One other posted on Twitter about being let go, however below a pseudonym.
By the numbers: GameStop’s inventory is buying and selling above $25, greater than 500% above its value going into 2021’s reddit-powered increase.
Flashback: GameStop additionally introduced a spherical of layoffs after sacking its CFO in July.
What we’re watching: GameStop’s quarterly earnings name is Dec. 7.
