GameStop Reportedly Shuts Hundreds of US Stores as CEO Strives for $35bn Pay Packet

GameStop, a leading US game retailer, has reportedly shut hundreds of stores as its CEO, Matt Furlong, strives for a $35 billion pay packet. This news has sent shockwaves through the gaming community, with many fans and investors expressing concern about the future of the company.

According to a report by Eurogamer, GameStop has been struggling to stay afloat in recent years, with declining sales and increased competition from online retailers. Despite this, Furlong has been pushing for a massive pay increase, citing the company's improved financial performance.

The news of store closures has been met with widespread criticism, with many fans taking to social media to express their disappointment and frustration. The hashtag #GameStopIsDying has been trending on Twitter, with many users calling for the company to be taken over by a new management team.

The situation is further complicated by the fact that GameStop is currently in the process of being acquired by a private equity firm. The deal is expected to be completed in the coming months, but it remains to be seen how it will affect the company's operations and employees.

As the situation continues to unfold, fans and investors will be watching closely to see how GameStop responds to the crisis. Will the company be able to turn things around, or will it be forced to close even more stores? Only time will tell.

Sources

[2] GameStop reportedly shuts hundreds of US stores as CEO strives for $35bn pay packet