GameStop is laying off workers only a few weeks before the holidays, with a team working on the company’s crypto initiatives reportedly hard hit.
The Grapevine, Texas-based video game retailer wouldn’t confirm the layoffs, but LinkedIn posts from current and former employees indicated that a large number of jobs were cut beginning Monday. The team working on its blockchain wallet was particularly hard hit, according to Axios. A LinkedIn post from a former director on the logistics and transportation team, Mickey Kalish, said the transportation department was “heavily impacted.”
GameStop lead engineer Daniel Williams wrote a post on LinkedIn that simply said: “Another big round of layoffs from GameStop currently in progress ... e-commerce product and engineers ... lots of them.”
