In the past year the video game industry has experinced a major shift in how consumers are buying video games and this has been affecting the stock prices of major comapies like Gamestop. Since January the retailers stock has plummited from $16 a share to a record low of $4 a share.
Recently the drop in stock prices has forced some local locations have either been closed or have had to lay off multiple employees. In August they fired over 120 employees as they are implementing what they call The Gamestop Reboot. "Layoffs are part of GameStop's three-part Plan to turn the company around" acccording to CEO George Sherman. There will be more informaion released from Gamestop regarding their plans moving foward over the next couple months.