GameStop has reportedly made another round of layoffs, with an unspecified number of jobs lost following lower fourth quarter revenue and low consumer spending.
According to Retuers, “rising competition from e-commerce firms” was also a factor in the decision.
The outlet reported that as of February 3, GameStop employed approximately 8,000 full-time and 18,000 part-time workers.
GamesIndustry.biz has reached out to GameStop for further clarification.
GameStop previously laid off at least six employees from its engineering and e-commerce departments in December 2022.
This latest round of layoffs came as the company published its fourth quarter results, which saw revenue drop to $1.8 billion in 2023 compared to $2.2 billion for the same period the previous year.
As part of cost-cutting measures, GameStop previously ceased operations in Ireland, Switzerland, and Australia.