{"id":1735074,"date":"2022-07-08T00:39:07","date_gmt":"2022-07-08T04:39:07","guid":{"rendered":"https:\/\/platogaming.com\/?post_type=station&p=1735074"},"modified":"2022-07-09T12:58:01","modified_gmt":"2022-07-09T16:58:01","slug":"gamestop-lays-off-staff-and-fires-cfo-continues-banking-on-blockchain","status":"publish","type":"station","link":"https:\/\/platogaming.com\/plato-data\/gamestop-lays-off-staff-and-fires-cfo-continues-banking-on-blockchain\/","title":{"rendered":"GameStop lays off staff and fires CFO, continues banking on blockchain"},"content":{"rendered":"
<\/div>\n
\n
\nAudio player loading\u2026\n<\/div>\n<\/div>\n

US videogame retailer GameStop has fired Mike Recupero, its chief financial officer, and begun laying off an unspecified number of staff. In an internal memo leaked to Reddit (opens in new tab)<\/span><\/a>, CEO Matt Furlong wrote, “Change will be a constant as we evolve our commerce business and launch new products through our blockchain group.”<\/p>\n

The company’s pivot to blockchain began earlier this year, when GameStop announced it was launching an NFT marketplace<\/a> and then launched its own crypto wallet<\/a>. Furlong’s memo goes on to say, “These changes will enable us to operate in a profitable manner as we execute against our strategy of pursuing sales growth in our commerce business and launching new products that empower customers within the digital asset and web3 gaming verticals.”<\/p>\n