If you have these skills, GameStop's Ryan Cohen wants to hear from you

MW If you have these skills, GameStop's Ryan Cohen wants to hear from you

By James Rogers

Videogame retailer has been cutting jobs but is still is on the lookout for people with certain skills

GameStop Corp. is on the lookout for people with retail and supply-chain expertise as well as software engineers, according to Ryan Cohen, CEO of the videogame retailer.

"Looking for hard working operators with experience in retail and supply chain," Cohen wrote Monday on X, formerly known as Twitter. "Job based in Dallas."

Cohen also reposted a tweet from March 5. "Looking for strong engineers w/cloud, java and web experience," he wrote. "I will be working personally with the top candidates."

Related: GameStop shares slide 15% on top- and bottom-line misses for fourth quarter

The GameStop's $(GME)$ CEO's posts on X are closely followed for hints about his plans for the company, which said it has been cutting jobs when it announced its fourth-quarter results last month.

"As part of our strategic plan to achieve profitability, we have recently undertaken cost reduction measures and other initiatives to improve the efficiency of our operations, including initiatives to reduce headcount," GameStop said in the 10-K filing that accompanied its results.

The videogame retailer did not say how many employees have been affected by its headcount reduction, although the company, known for being the original meme stock, has approximately 8,000 full-time salaried and hourly associates and between 13,000 and 18,000 part-time hourly associates worldwide, according to its 10-K. Reuters reported that GameStop had 11,000 full-time salaried and hourly employees and between 14,000 and 27,000 part-time hourly employees in 2023.

Related: GameStop's demise could come later this decade, analyst says

As of Feb. 3, GameStop had a total of 4,169 retail stores, down from 4,413 on Jan. 28, 2023. The company missed analysts' top- and bottom-line estimates in its fourth-quarter results.

GameStop's shares ended Monday's session down 6.6%, outpacing the S&P 500's SPX decline of 1.2%. The company's stock is down 42.6% in 2024, compared with the S&P 500's gain of 6.1%.

-James Rogers

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April 15, 2024 17:01 ET (21:01 GMT)

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