GameStop has laid off additional employees, including its crypto wallet team.
The crypto market, which has continued since the middle of the year and has slowed down with the recent crises, puts many companies in a difficult position. Companies preparing to leave the year 2022 behind started layoffs in order to survive in the new year. GameStop, which is struggling to stay afloat, also announced that it has started layoffs.
GameStop Starts Layoffs In Crypto Winter
GameStop laid off several employees ahead of its upcoming earnings report. According to Axios, the team behind the company’s crypto wallet has been particularly hard hit.
GameStop’s Chief Software Engineer Daniel Williams, in a post on LinkedIn, including e-commerce product and engineer employees; He shared that “there is another big round of layoffs currently underway at GameStop.” Williams later said in a comment that an official company announcement would be made.
Several former employees, including blockchain and iOS engineer Brandon Jenniges, who wrote that they were impressed by the company’s move, shared public status updates on the layoffs on LinkedIn today.
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