GameStop Ireland cut workforce by 33% after Covid ‘raised questions’ over future

High-profile gaming outlet says Covid accelerated shift to online sales but still posts €5m loss

GameStop’s Irish arm, which runs 45 stores around the country, raised questions about its ability to continue trading as a going concern. Picture: Getty

Sales fell by more than 14 per cent at the Irish unit of GameStop last year, prompting the firm to slash its headcount by a third as the company remained in the red after a Covid-enforced shift to online retail.

GameStop is a business well known for the trading frenzy that emerged around it almost a year ago when its shares soared in value after a short squeeze driven largely by users of Reddit’s WallStreetBets ...