The latest tech giant to lay off more staff this year is GameStop. Furthermore, most of the cuts have been to its crypto wallet division.
2022 has been the year of tech staff layoffs, and the latest company to announce more cuts is video game retailer GameStop. The firm that was at the center of the meme stock trading frenzy in early 2021 has laid off another round of employees.
According to Axios, citing ‘a source familiar with the matter,’ the firm has been letting more engineers go this week.
The outlet also sourced a number of LinkedIn posts from disgruntled former employees. Daniel Williams, GameStop’s lead software engineer, said:
“Another big round of layoffs from GameStop currently in progress… E-commerce Product and Engineers… Lots of them.”
The company is set to announce its Q3 earnings on Dec. 7.
