GameStop, video game retailer and popular meme stock, is among the latest firms to cut its investment in emerging tech. The struggling retailer is cutting investment into its plans to transform its business into an e-commerce, blockchain-friendly venture.
Current and former employees believe the company is cutting stuff, including software engineers. The most recent layoffs include the engineers working on GameStop’s crypto wallet.
One GameStop engineer shared a LinkedIn post on Monday confirming that the company was laying off staff.
"Another big round of layoffs from GameStop currently in progress... E-commerce Product and Engineers... Lots of them. Please keep a lookout to help our friends find new homes quickly," he said.
Another former GameStop engineer said he worked on the Ethereum blockchain for the company. According to his LinkedIn profile, he worked on iOS and blockchain development for 11 months.
"Unfortunately,...
