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19 thoughts on “GameStop Cuts Extra Employees—Together with Crypto Pockets Engineers – Decrypt”

  1. “Video game retailer GameStop has laid off another round of employees today ahead of its upcoming earnings report, according to reports and social media posts from affected individuals. The team behind the company’s crypto wallet was particularly hard hit, according to Axios.”

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  2. tldr; Video game retailer GameStop has laid off employees ahead of its upcoming earnings report, according to reports and social media posts from affected individuals. The team behind the company’s crypto wallet was particularly hard hit. GameStop last held layoffs in July amid the departure of CFO Michael Recupero, but the company did not disclose how many people were terminated.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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  3. Am I incorrect but I thought the people leaving where the “builders” signaling that they are done with that phase of the project and are now shifting into the next stage of development.

    This is a big nothing burger.

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  4. Given that the brunt of the layoff was in the crypto wallet department, I get the feeling that this is simply due to the wallet’s development being done.

    They don’t need a massive team to work on the wallet anymore as most of the hard work is done already.

    I think this is okay

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  5. >The NFT marketplace has not made a significant impact on the space.

    Of course. What do they expect in the heart of crypto winter and start of holidays? It’s not like you can make stew out of those NFTs on Christmas morning.

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