GameStop Stock Slumps 9% in Morning Trading after CFO Exit, Looming Layoffs

Tiger Newspress2022-07-08

GameStop Stock Slumps 9% in Morning Trading after CFO Exit, Looming Layoffs.

According to Axios, a company memo sent to employees late on Thursday announced “a number of reductions" in staffing across the company. The most high profile among these staffing shifts is CFO Mike Recupero, who is reportedly departing and will be replaced by Chief Accounting Officer Diana Jajeh.

“Change will be a constant as we evolve our commerce business and launch new products through our blockchain group,” the memo states, according to gaming news outlet Kotaku.

Additionally, the memo hints at “eliminating excess costs” in the organization and calls for employees to “become even more hands-on and embrace a heightened level of accountability for results".

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Bull1973
2022-07-11
Bull1973
Ok
andrew123
2022-07-09
andrew123
Like
SPOT_ON
2022-07-09
SPOT_ON
Avoid
MIe
2022-07-08
MIe
Buy dip till split -- Leverage GameStop bad news n volatility
Daviistoh
2022-07-08
Daviistoh
Okay
Home22
2022-07-08
Home22
🤦🏻‍♂️

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1123366446?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-07-08 21:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1123366446","market":"us","top_or_hot":-1,"title":"GameStop Stock Slumps 9% in Morning Trading after CFO Exit, Looming Layoffs","media":"Tiger Newspress","content":"<html><head></head><body><p>GameStop Stock Slumps 9% in Morning Trading after CFO Exit, Looming Layoffs.</p><p><img src=\"https://static.tigerbbs.com/01dba93c83c3eb324eb4bcaf08f0a955\" tg-width=\"846\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>According to Axios, a company memo sent to employees late on Thursday announced “a number of reductions&#34; in staffing across the company. The most high profile among these staffing shifts is CFO Mike Recupero, who is reportedly departing and will be replaced by Chief Accounting Officer Diana Jajeh.</p><p>“Change will be a constant as we evolve our commerce business and launch new products through our blockchain group,” the memo states, according to gaming news outlet Kotaku.</p><p>Additionally, the memo hints at “eliminating excess costs” in the organization and calls for employees to “become even more hands-on and embrace a heightened level of accountability for results&#34;.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Stock Slumps 9% in Morning Trading after CFO Exit, Looming Layoffs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Stock Slumps 9% in Morning Trading after CFO Exit, Looming Layoffs\n</h2>\n\n<h4 class=\"meta\">\n\n2022-07-08 21:51 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop Stock Slumps 9% in Morning Trading after CFO Exit, Looming Layoffs.According to Axios, a company memo sent to employees late on Thursday announced “a number of reductions\" in staffing across ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GME","symbol_name":"游戏驿站","start_time":0,"source_url":"","article_id":"1123366446","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1123366446","pubTimestamp":1657288305,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"GameStop Stock Slumps 9% in Morning Trading after CFO Exit, Looming Layoffs.According to Axios, a co","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GME":"游戏驿站"},"translate_title":"在首席财务官辞职后，游戏驿站股票在早盘交易中暴跌9%，裁员迫在眉睫","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GME":0.9},"content_text":"GameStop Stock Slumps 9% in Morning Trading after CFO Exit, Looming Layoffs.According to Axios, a company memo sent to employees late on Thursday announced “a number of reductions\" in staffing across the company. The most high profile among these staffing shifts is CFO Mike Recupero, who is reportedly departing and will be replaced by Chief Accounting Officer Diana Jajeh.“Change will be a constant as we evolve our commerce business and launch new products through our blockchain group,” the memo states, according to gaming news outlet Kotaku.Additionally, the memo hints at “eliminating excess costs” in the organization and calls for employees to “become even more hands-on and embrace a heightened level of accountability for results\".","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9071363488,"gmtCreate":1657492823344,"gmtModify":1676536012020,"author":{"id":"3584680402793671","authorId":"3584680402793671","name":"Bull1973","avatar":"https://static.tigerbbs.com/866d29bf88ff7363d121a5ccc6028aae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584680402793671","authorIdStr":"3584680402793671"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071363488","repostId":1123366446,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9073895989,"gmtCreate":1657324560841,"gmtModify":1676535989949,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"idStr":"3576260758860416","authorIdStr":"3576260758860416"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073895989","repostId":1123366446,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9073164154,"gmtCreate":1657318751078,"gmtModify":1676535988149,"author":{"id":"3582922989777578","authorId":"3582922989777578","name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":1,"idStr":"3582922989777578","authorIdStr":"3582922989777578"},"htmlText":"Avoid","listText":"Avoid","text":"Avoid","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073164154","repostId":1123366446,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9073108600,"gmtCreate":1657294128500,"gmtModify":1676535986492,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":0,"idStr":"3577182936341023","authorIdStr":"3577182936341023"},"htmlText":"Buy dip till split --&nbsp;Leverage GameStop bad news n&nbsp;volatility&nbsp;","listText":"Buy dip till split --&nbsp;Leverage GameStop bad news n&nbsp;volatility&nbsp;","text":"Buy dip till split -- Leverage GameStop bad news n volatility","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073108600","repostId":1123366446,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9073341262,"gmtCreate":1657291310056,"gmtModify":1676535985993,"author":{"id":"3576615106113162","authorId":"3576615106113162","name":"Daviistoh","avatar":"https://static.tigerbbs.com/5fa47c53322f21d8995790f695aa8e1c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576615106113162","authorIdStr":"3576615106113162"},"htmlText":"Okay&nbsp;","listText":"Okay&nbsp;","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073341262","repostId":1123366446,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9073355149,"gmtCreate":1657290500881,"gmtModify":1676535985765,"author":{"id":"4103282816795650","authorId":"4103282816795650","name":"Home22","avatar":"https://community-static.tradeup.com/news/3e5e55b062ffe0c519cbef858d125a27","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4103282816795650","authorIdStr":"4103282816795650"},"htmlText":"🤦🏻‍♂️","listText":"🤦🏻‍♂️","text":"🤦🏻‍♂️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073355149","repostId":1123366446,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":92,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1123366446"}