Video game retailer GameStop cut off another round of employees, including crypto wallet engineers

GameStop, a video game retailer, has cut off another round of employees, including crypto wallet engineers. According to the 5th of December report from Axios, GameStop has laid off more staff, and engineers behind its crypto wallet were particularly hard hit by these layoffs. This news has also been confirmed by several reports and social media posts from affected individuals from these layoffs. 

Earlier today, in a LinkedIn post, Daniel Williams, the Lead Software Engineer at GameStop, confirmed that there was another big round of layoffs at the video game retailer currently in progress. Daniel claimed that these layoffs include eCommerce product and engineers employees, which it did in lots. However, Daniel also claimed that a company announcement is due later today.

Several other former employees of GameStop have also shared public status updates about the layoffs on LinkedIn. For example, Brandon Jenniges, blockchain and iOS engineer at the video game retailer, wrote that he was impacted by the company’s move.

This year in July, when it made wide layoffs, GameStop launched an NFT marketplace that focuses on the Ethereum ecosystem, particularly on the Immutable X sidechain. And in May, the video game retailer announced the launch of its own Ethereum wallet, which is a browser-based plugin quite similar to MetaMask.

Regarding the confirmation of these layoffs from the company, Ethan Gach, senior reporter at gaming publication Kotaku, tweeted that Matt Furlong, the CEO of GameStop, confirmed layoffs in an email to employees. According to the reporter, Matt wrote in the email that we have continued to gain transparency regarding the right level of corporate staff required to achieve our profitability and growth goals.

However, the video game retailer has not officially or publically announced or confirmed these layoffs. While GameStop’s third-quarter fiscal earnings report is also on the way, scheduled for the 7th of December.

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