GameStop Fires More Employees, Including Crypto Wallet Engineers

In advance of its impending earnings report, the retailer of video games GameStop reportedly fired a second group of workers today, according to reports and social media posts from those who were affected. According to Axios, the staff responsible for the company's cryptocurrency wallet was particularly heavily impacted.

Lead software engineer at GameStop Daniel Williams wrote on LinkedIn earlier today that "another huge wave of layoffs at GameStop is presently in action," adding that "many of them" were ecommerce product and engineering staff. Williams said, "A business announcement is scheduled for later today."

Brandon Jenniges, an iOS and blockchain programmer, said that he was influenced by the company's decision in a LinkedIn public status update that was shared by a number of former colleagues today.

This year, GameStop created an NFT marketplace that focuses on the Immutable X sidechain and the Ethereum ecosystem as a whole. The business announced the release of its own Ethereum wallet in May. This browser-based plugin is comparable to MetaMask.

Late this afternoon, Kotaku senior reporter Ethan Gach reported that GameStop CEO Matt Furlong had confirmed layoffs in an email to staff members.

Furlong allegedly stated in the email, "We've continued to obtain clarity around the proper quantity of corporate people needed to fulfill our profitability and growth goals."

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