By the way, if anyone even keeps track and listens to the main points of Gamestop's latest quarterly earnings report, the recent job losses should not come as a surprise.
Straight from the source here: http://news.gamestop...al-2019-results
2019 OutlookAs previously announced on April 2, 2019, GameStop is currently implementing a cost-savings and operating profit improvement initiative designed to strengthen the organization for the future and support long-term improved financial performance and profitability. These initiatives, which include supply chain efficiencies, operational improvements, expense savings and pricing and promotion optimization, commenced during the first fiscal quarter of 2019. The company remains on track to achieve annualized operating profit improvements of approximately $100 million.
That report was June 4th, 2 months ago. They are trimming the fat.
So because they are laying off people, does that mean that Gamestop are dying?
It's part of their stated initiative to streamline future profits in the tune of $100 million.
Please people, don't give these people clicks. Whether it be websites, or videos, these guys live to stir shit up so THEY make money. Don't support them by giving them your time, because you're going to end up in a delusional fantasy.
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