The company is making 'a number of reductions.'
, it seems as if GameStop is banking some of its future on its blockchain group — it’s mentioned in the very first line of Furlong’s memo:
Change will be a constant as we evolve our commerce business and launch new products through our blockchain group. After investing heavily in personnel, technology, inventory and supply chain infrastructure over the past 18 months, our focus is on achieving sustained profitability. This means eliminating excess costs and operating with an intense owner’s mentality.
GameStop also says its’ making “a significant investment” in its store employees, indicating that it still believes its retail stores are important, too. “These individuals are, in many respects, the heart of GameStop,” Furlong wrote. “We’ll be sharing details regarding this investment in the coming weeks.”
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