GameStop terminates CFO, reportedly plans layoffs; stock falls

GameStop Corp. shares fell in after-hours trading Thursday, after the company revealed that its chief financial officer had been terminated amid reports of layoffs.

GameStop GME stock declined more than 5% in the extended session after Axios reporter Stephen Totilo reported that an internal email had disclosed the departure of CFO Mike Recupero and “a number of reductions” in GameStop’s workforce. CNBC later obtained and published the memo from Chief Executive Matt Furlong, which promised to “right-size headcount across several…

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