GameStop Ireland cut workforce by 33% after Covid ‘raised questions’ over future | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 71%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

GameStop Ireland cut workforce by 33% after Covid ‘raised questions’ over future, reports donalmacnamee97.

GameStop’s Irish arm, which runs 45 stores around the country, raised questions about its ability to continue trading as a going concern. Picture: Getty

Sales fell by more than 14 per cent at the Irish unit of GameStop last year, prompting the firm to slash its headcount by a third as the company remained in the red after a Covid-enforced shift to online retail. GameStop is a business well known for the trading frenzy that emerged around it almost a year ago when its shares soared in value after a short squeeze driven largely by users of Reddit’s WallStreetBets forum....

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines