GameStop to lay off employees; CFO leaves - Axios
FILE PHOTO: A person walks past a GameStop store in the Manhattan borough of New York City, New York, U.S., January 29, 2021. REUTERS/Carlo Allegri
:GameStop Corp is laying off employees and Chief Financial Officer Mike Recupero has left the video game retailer, Axios reported on Thursday, citing a company memo.
The company's shares fell about 8 per cent in extended trading.
GameStop did not immediately respond to a Reuters request for comment.
Recupero will be replaced by Chief Accounting Officer Diana Jajeh, an Axios reporter said on Twitter. (https://bit.ly/3RhJzOr)
Shares of the company had closed up 15 per cent after it said on Wednesday that the board had approved a four-for-one stock split.
GameStop has been looking to bolster its online sales as shopping trends toward e-commerce accelerated during the pandemic.
