The cuts affected nearly 14 percent of the associate base at the company's corporate headquarters, as well as at subsidiaries such as Game Informer magazine.
GameStop Corp.
In recent months, GameStop has reported a notable decrease in sales. In May, the company reported a 13 percent decrease in total sales over its first quarter. In March, GameStop hired George Sherman as its new CEO, the fifth leadership change at the company in less than two years, who vowed to "transform the business." tweeted out the news of their layoffs earlier on Tuesday. The publication, which published its first issue in August, 1991, has been owned and published by GameStop Corp. since 2000. As of 2017, the magazine had a circulation of over 7.5 million readers.
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