Video game retailer
The company publicly announced that it had terminated the employment of CFO
Saadeh-Jajeh, who served as interim CFO last year, will earn a starting annual salary of
The company also announced layoffs in an internal email obtained by CNBC and Kotaku that said "reductions" were intended to "reduce bloat" and allow the company to operate more "nimbly."
"Change will be a constant as we evolve our commerce business and launch new products through our blockchain group," CEO
Furlong continued that the company must take bold steps to invest in its digital future.
"This means eliminating excess costs and operating with an intense owner's mentality," he said. "Everyone in the organization must become even more hands-on and embrace a heightened level of accountability for results."
The layoffs seemed to be focused on
He brought on new executives including Furlong and Recupero as the company has made more than 600 corporate hires since the start of last year.
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