GameStop laid off over 120 employees this week in the latest move to reboot the company.
The world's largest video game retailer is GameStop, with over 5,000 stores around the globe. The company is struggling to survive amidst a changing market where games are increasingly purchased digitally rather than in a retail store — an echo of the digitization struggles that record stores and movie sellers faced in the 1990s and early 2000s. In August, GameStop laid off just shy of 200 people across multiple divisions.
The world's largest video game retailer is GameStop, with over 5,000 stores around the globe. The company is struggling to survive amidst a changing market where games are increasingly purchased digitally rather than in a retail store — an echo of the digitization struggles that record stores and movie sellers faced in the 1990s and early 2000s. In August, GameStop laid off just shy of 200 people across multiple divisions.
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