The video game retailer also announces new CFO with $200,000 salary and a nearly $2 million bonus.
In afiling with the US government, GameStop said it “terminated” CFO Michael Recupero effective immediately.
Recupero started as GameStop CFO just about a year ago in June 2021.
Diana Saadeh-Jajeh, who was previously SVP and Chief Accounting Officer, is taking on the role of CFO.
The company also opened corporate offices in Seattle, Boston, and Pembrook Pines, Florida in 2021.
Game Informer associate editor John Carson was among those laid off.
Associate editor Wesley LeBlanc was let go as well.
“I am gutted and scared for what’s next, whatever that may be.
It still doesn’t feel real tbh.”
I was asked to wait a day to say anything officially, so here it is.
I’ll cherish my time there and the people I worked with even more.
Support them and show them love as much as you might.
I am gutted and scared for what’s next, whatever that may be.
It still doesn’t feel real tbh.
All good things must come to an end.
I was very lucky indeed.
Earlier this week, GameStop conducted a four-for-one stock split.
A stock split breaks existing shares down into smaller pieces.
As a result, the total share count goes up and the price per share goes down.
Alphabet, Amazon, and Tesla are all planning stock splits in the coming months.
These moves are happening asGameStop continues to lose lots of money.
These categories will be “increasingly relevant for gamers of the future,” the company said.
To that end, GameStop recently announced plans to launch theGameStop NFT marketplacelater this year.
GameStop is pushing further into crypto as the market for crypto begins to collapse,according to some reports.
I knew the business.
But I was rebuffed," Fils-Aime said.
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