The latest tech giant to lay off more staff this year is GameStop. Furthermore, most of the cuts have been to its ກະເປົາເງິນ crypto ການແບ່ງແຍກ.
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.
ອີງຕາມ 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 ກະທູ້ from disgruntled former employees. Daniel Williams, GameStop’s lead software engineer, said:
"ການຢຸດງານອັນໃຫຍ່ອີກອັນໜຶ່ງຈາກ GameStop ປະຈຸບັນພວມດຳເນີນຢູ່... ຜະລິດຕະພັນອີຄອມເມີຊ ແລະ ວິສະວະກອນ... ມີຫຼາຍອັນ."
The company is set to announce its Q3 earnings on Dec. 7.
GameStop Crypto Wallet Cutbacks
According to Axios, many of those affected were working on GameStop’s blockchain wallet. Blockchain engineer at GameStop Brandon Jenniges ຂຽນ ໃນ LinkedIn:
“Unfortunately I was impacted by layoffs at GameStop today. I had a great time getting a deep dive into Ethereum and learning about many new things in the crypto space.”
ອີງຕາມ Kotaku, GameStop CEO Matt Furlong wrote an email to staff stating the firm is “emerging from the rebuilding phase of its transformation.” He added:
“We’ve continued to gain clarity regarding the right level of corporate staff needed to achieve our profitability and growth goals.”
Furlong blamed the “proactive” but “difficult” decision to axe staff. He blamed high ອັດຕາເງິນເຟີ້ and “weakened consumer confidence” for the cuts. This is the third round of layoffs at GameStop’s corporate offices this year and its company stock has lost 32% since the beginning of 2022.
GameStop launched an ຕະຫຼາດ NFT in October, which runs on Immutable X Ethereum sidechain. Furthermore, the firm launched an Ethereum ກະເປົາເງິນ crypto in May to rival MetaMask.
However, the crypto market slump has impacted both platforms, leading to the decision to downsize the team. GameStop’s ຕະຫຼາດ NFT has not gained the traction it anticipated.
A Year of Tech Layoffs
According to the tech industry layoffs tracker, layoffs.fyi, more than 200 tech and finance firms have cut staff since the beginning of November. Of that total, around 10% of the companies listed were crypto industry-related.
Furthermore, the tracker reports that 916 tech companies fired staff in 2022, and 144,554 employees have been affected.
As ລາຍງານ by BeInCrypto, Bybit was the most recent crypto firm to cut staff this week.
Source: https://beincrypto.com/gamestop-latest-axe-staff-mostly-crypto-wallet-engineers/