Forums - Gaming Discussion - Gamestop is dying a slow death: lays off over 100 people, nearly half of Game Informerīs staff

https://kotaku.com/gamestop-lays-off-over-100-people-including-nearly-hal-1837418024

The struggling retail chain GameStop laid off over a hundred employees today, both at its corporate headquarters in Grapevine, Texas and at other offices including its subsidiary Game Informer magazine in Minnesota, where nearly half of the editorial staff lost their jobs in a surprise cut.

“As part of the previously announced GameStop Reboot initiative to transform our business for the future and improve our financial performance, we can confirm a workforce reduction was implemented impacting more than 120 corporate staff positions, representing approximately 14% of our total associate base at our company headquarters as well as at some other offices,” a GameStop spokesperson told Kotaku in a statement.

“While these changes are difficult, they were necessary to reduce costs and better align the organization with our efforts to optimize the business to meet our future objectives and success factors. We recognize that this is a difficult day for our company and particularly for those associates impacted. We appreciate their dedication and service to GameStop and are committed to supporting them during this time of transition.”

This news comes just a few weeks after GameStop laid off dozens of regional managers, following a brutal year that saw the company try (and then stop trying) to sell itself. GameStop’s stock has plummeted over the past few years as the retailer continues to struggle to stay afloat in a world where digital distribution has grown to dominate gaming.

The layoffs blindsided staff at Game Informer today. Seven of the popular magazine’s editors announced on Twitter this afternoon that they had been laid off, including one who said he was on vacation. (Per Game Informer’s masthead, the magazine has 19 full-time editorial staff.) 

“I am trying to get things right with my people,” editor-in-chief Andy McNamara wrote on Twitter. “I love Game Informer, its people and its readers more than any corporation could, and I will address all the issues when I can, but for now I need to focus on my GI family.”



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Meanwhile, Amazon is almost the world's first trillion dollar company, while also not paying taxes and practically enslaving their workforce. -_-



Look.... at a tiny personal level, if I go into my local gamestop the games in there which are preowned cost around 1.5 - 2x the cost of the same games in the 2 other pre owned game stores in town of CEX and a local owned store, if asked why gamestop sell pre owned games sometimes more expensive than the new copies of the games, the staff just shrug and say that's just the way they have to list the prices there, it is insane for anyone to work in a store where they look at the products they sell, know in their heart that the pricing model they employ for a ton of their produce makes no sense to make the store competitive... and then not question or have power to do anything about that. Of course those jobs are going to be lost some time soon, if I worked on the Titanic as the Iceberg spotter and I just shrugged when people asked why we just struck one I know my job is on the line and I know I'm on a sinking ship partially because I am a cog in a machine which is winding itself towards death.

Think about it, have you found yourself in a gamestop where you've seen a pre owned game being more expensive than a new one, did you laugh at how stupid that is... did you leave the shop without buying it new or used? To have pre owned produce on the shelf costing more than a new version just completely fucks with the perception of value of the products they're selling, if you went to a car dealership and found that new version of a car cost half what a pre owned one does... your mind would think, "this isn't right" the same applies to gamestop and confused customers just walk out of the store because their model is broken, everyone knows it but does nothing about it. Doomed store.



Fancy hearing me on an amateur podcast with friends gushing over one of my favourite games? https://youtu.be/1I7JfMMxhf8

CaptainExplosion said:

Meanwhile, Amazon is almost the world's first trillion dollar company, while also not paying taxes and practically enslaving their workforce. -_-

What does Amazon have to do with this? How about we try and keep it on topic and not derail the thread into something else, yeah? If you want to make a thread about your hatred for Amazon, go ahead, but please don't bring it up in here. Thanks.



Bristow9091 said:
CaptainExplosion said:

Meanwhile, Amazon is almost the world's first trillion dollar company, while also not paying taxes and practically enslaving their workforce. -_-

What does Amazon have to do with this? How about we try and keep it on topic and not derail the thread into something else, yeah? If you want to make a thread about your hatred for Amazon, go ahead, but please don't bring it up in here. Thanks.

I'm just saying it's not fair that Gamestop is dying, while Amazon treats it's staff even worse but gets to be a trillion dollar business.



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CaptainExplosion said:
Bristow9091 said:

What does Amazon have to do with this? How about we try and keep it on topic and not derail the thread into something else, yeah? If you want to make a thread about your hatred for Amazon, go ahead, but please don't bring it up in here. Thanks.

I'm just saying it's not fair that Gamestop is dying, while Amazon treats it's staff even worse but gets to be a trillion dollar business.

I’ve worked at GameStop... they do not treat their employees well... amazon employees get way better pay and benefits... 



CaptainExplosion said:
Bristow9091 said:

What does Amazon have to do with this? How about we try and keep it on topic and not derail the thread into something else, yeah? If you want to make a thread about your hatred for Amazon, go ahead, but please don't bring it up in here. Thanks.

I'm just saying it's not fair that Gamestop is dying, while Amazon treats it's staff even worse but gets to be a trillion dollar business.

And if you want to make a new thread about the unfair treatment over at Amazon compared to Gamestop, feel free to do so, but for this thread, keep it out.



CaptainExplosion said:

Meanwhile, Amazon is almost the world's first trillion dollar company, while also not paying taxes and practically enslaving their workforce. -_-

Apple was the worlds first trillion dollar company (though it's market cap is currently just under a trillion) then Microsoft (which, unlike Apple, is still a trillion dollar company). Amazon will likely be the third.



R.I.P. Game Informer

Another one of the last legitimately great outlets for game reviews is about to die. 

Physical is still very much a thing. Gamestop just has a terrible way of doing business. There's a thriving used games market in Phoenix and Austin. Lots of Mom n' Pop stores do just fine selling and trading in used games. 

Ganoncrotch said:
Look.... at a tiny personal level, if I go into my local gamestop the games in there which are preowned cost around 1.5 - 2x the cost of the same games in the 2 other pre owned game stores in town of CEX and a local owned store, if asked why gamestop sell pre owned games sometimes more expensive than the new copies of the games, the staff just shrug and say that's just the way they have to list the prices there, it is insane for anyone to work in a store where they look at the products they sell, know in their heart that the pricing model they employ for a ton of their produce makes no sense to make the store competitive... and then not question or have power to do anything about that. Of course those jobs are going to be lost some time soon, if I worked on the Titanic as the Iceberg spotter and I just shrugged when people asked why we just struck one I know my job is on the line and I know I'm on a sinking ship partially because I am a cog in a machine which is winding itself towards death.

Think about it, have you found yourself in a gamestop where you've seen a pre owned game being more expensive than a new one, did you laugh at how stupid that is... did you leave the shop without buying it new or used? To have pre owned produce on the shelf costing more than a new version just completely fucks with the perception of value of the products they're selling, if you went to a car dealership and found that new version of a car cost half what a pre owned one does... your mind would think, "this isn't right" the same applies to gamestop and confused customers just walk out of the store because their model is broken, everyone knows it but does nothing about it. Doomed store.

^THIS! 

GameStop buys games for pennies, and then sells them at the highest price they can get away with. People flat out don't shop there, because the prices are insane. Take any Mom n' Pop video game store, and they will give you way better prices, as well as more trade in credit. 

Gamestop could survive for another ten years if they simply...

1. Stop renting out ultra expensive retail space. Look for the cheaper strip mall areas. 

2. Stop having three to four stores in the same city. The market isn't big enough to support all those stores anymore. 

3. Give a fair amount of trade credit like 60%, and sell your games for the going rate on https://www.pricecharting.com/

But, no they won't do that because the company is run by a bunch of corporate idiots that are blind to reality. 



The sentence below is false. 
The sentence above is true. 

 

CaptainExplosion said:

Meanwhile, Amazon is almost the world's first trillion dollar company, while also not paying taxes and practically enslaving their workforce. -_-

But they pay their workers 15 dollars an hour!