GameStop stock continues to drop as the video game retailer lays off editors and staff across a number of departments.
GameStop share price continues to sink as company struggles to regroup in the face of digital distribution and subscription gaming.
Known for its tabletop-to-digital conversion of Terraforming Mars, Onitama, and the upcoming Mansions of Madness: Mother’s embrace, Lucky Hammers has been forced to close its doors and lay off nearly 70 staff members.
With the company preparing a pivot to a subscription-based model, the layoffs come after a long period of internal strife that included the death of a CEO and an attempted ouster of his replacement.
The affected positions appear to be at Inside Xbox and Mixer with heavy implications that Microsoft is moving away from internal original content creation.
Company cites “regular business planning cycles” and says it’s still “deeply committed to games.” [Pictured: Amazon’s MMO, New World]
The publisher is refocusing its resources on ‘refining the organization’ and ‘quality’ games.
Dying Light 2 and global publishing are both unaffected.
The digital game distributor has been struggling to keep up with Steam, and now the Epic Games Store, after revenue and Gwent sales come up short.
After an announcement last week warning of significant cuts, ArenaNet prepares to merge with NCSoft West.
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