Video game retailer GameStop announced on Thursday that it has fired Chief Financial Officer Mike Recupero and cut jobs across divisions as part of an aggressive transformation plan.
According to Bloomberg, Recupero, who joined the company about a year ago, was “fired because he didn’t fit the company’s culture” and was “too laissez-faire.” He was kicked out by GameStop Chairman Ryan Cohen, the person said.
Diana Jajeh, the company’s chief accounting officer, will become the new chief financial officer. According to an SEC filing, she starts at $200,000 and is eligible for a “transition bonus” totaling $1.965 million.
In a memo to employees, GameStop reportedly announced the layoffs, which will be across the company, not in stores, in an effort to “reduce bloat” as GameStop invests in other areas.
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