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The video game industry layoffs are a part of the broader tech industry layoffs that began in 2023; [17] many such layoffs have been attributed to artificial intelligence, [18] although increased interest rates, reduced demand from consumers and excessive hiring during the COVID-19 pandemic have also been cited as causes. [17]
GameStop posted revenue of $1.79 billion for the fourth quarter, compared with $2.23 billion a year earlier. ... GameStop cuts jobs, quarterly revenue falls ... It’s an unusually bad time for ...
A part-time job is a form of employment that carries fewer hours per week than a full-time job. Workers are commonly considered to be part-time if they work fewer than 30 hours per week. [ 2 ] Their hours of work may be organised in shifts.
A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.
Just as the holiday retail shopping season gets down to its last two weeks, GameStop Corp. (NYSE: GME) said today that it would begin selling two models of the Kindle Fire tablet from Amazon.com ...
GameStop raised $933 million by selling shares to cash in on a meme stock rally last month, when the stock doubled in value, and raised an additional $2.14 billion earlier this month.
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