GameStop has deployed dozens of regional managers, sources tell Polygon, as part of a cost-cutting exercise that manages the center. According to multiple sources, the company recently cut down 10 district managers, whose job it was to manage multiple stores and to manage store managers. The decline could mean more work for the GameStop soft workers.
Two sources have told us that managers who were once tasked with man aging a dozen stores now handle more than 20 stores, occupying larger locations than ever before. Some of those who lost their jobs have been serving in the mall for over a decade. Recruitment site It actually counts GameStop
We've contacted GameStop for confirmation and comment, but so far we haven't received a response.
The move comes at a time when GameStop has suffered its lowest stock price in years. Stock currently trading with revenues above $ 3.50, down from $ 11.70 last year. As recently as five years ago, the GameStop store sold comfortably in the $ 40- $ 50 range.
Moody's rating agency recently lowered the company's debt to junk status. According to Moody, GameStop suffers from "competitive threats that are stored from downloads, broadcasts and subscription services … at a time of weakness in the industry."
Our latest report revealed how company executives are pressing stores to increase revenue, focusing more on selling mobile phones, and selling subscriptions for essential services. We spoke to more than 10 shop employees who expressed a lot of negative opinions about the company's future. The long-serving manager predicted that more than 1,000 stores will close this year, a forecast revealed by other sources, following the increase in regional management.
Last year, the company announced the closure of more than 200 stores. Some store managers have contacted Polygon, while others have posted on Reddit, suggesting more closures are coming, perhaps as soon as April.
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