Gamestop drops more workers amidst struggling business.

Some workers were part of their new crypto wallet system.

•GameStop has laid off additional employees today, including from its crypto wallet team.

• The gaming retailer launched an NFT marketplace in July, just after its previous round of layoffs.

• Video game retailer GameStop has laid off another round of employees today ahead of its upcoming earnings report, according to reports and social media posts from affected individuals.

Today, GameStop has had to lay off yet another round of employees in preparation for its upcoming earnings report. This news comes just a month after the video game retailer launched an NFT marketplace, shortly after previously laying off employees.

The most recent layoffs appear to have come from a number of different departments, including their crypto wallet team. This team was created earlier this year with the intention of bringing blockchain-based payments and gaming experiences to GameStop customers. Now, this team has been among those hit by the company’s latest round of cost-cutting measures.

GameStop Lays Off More Employees Amidst Struggles

Blog Introduction: Today,GameStop has had to lay off yet another round of employees in preparation for its upcoming earnings report. According to sources, a number of different departments have been impacted by the layoffs, including the crypto wallet team. This team was created earlier this year with the intention of bringing blockchain-based payments and gaming experiences to GameStop customers.

GameStop has faced numerous challenges over the past few years as digital downloads and streaming services have become more popular than physical copies of games. This shift in the industry landscape has caused many traditional retailers to suffer and forced them to find ways to cut costs. Unfortunately, layoffs have been one of the primary solutions that GameStop has implemented thus far.

The Most Recent Layoffs

The most recent layoffs appear to have come from a number of different departments, including their crypto wallet team. This team was created earlier this year with the intention of bringing blockchain-based payments and gaming experiences to GameStop customers. Now, this team has been among those hit by the company’s latest round of cost-cutting measures.

In total, it is estimated that dozens of employees have lost their jobs due to the latest round of layoffs. Some sources say that the total number could be as high as 100 people when all is said and done. This news comes just a month after the video game retailer launched an NFT marketplace, shortly after previously laying off employees.

The Struggles Facing GameStop

GameStop has faced numerous challenges over the past few years, as digital downloads and streaming services have become more popular than physical copies of games. This shift in the industry landscape has caused many traditional retailers to suffer and forced them to find ways to cut costs. Unfortunately, layoffs have been one of the primary solutions that GameStop has implemented thus far.

Along with layoffs, GameStop has also been attempting to diversify its offerings in order to remain competitive with other digital retailers. Launching an NFT marketplace was one such move that they made recently in July in an effort to tap into the growing market for non-fungible tokens (NFTs). However, it appears that this move failed to generate enough sales or profits for the company and led them back down the path of layoffs once again.

GameStop is struggling and today’s news of more layoffs is just another sign of the company’s struggles. For years now, GameStop has been struggling to keep up with the changing times as digital downloads and streaming services have become more popular than physical copies of games. The company has tried a number of different strategies in recent years in order to stay afloat but so far nothing seems to be working. It remains to be seen if GameStop will be able to turn things around or if this is just the beginning of the end for the once-mighty retailer.

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