GAME cuts staff at head office

Last week was a bad week for UK retailer GAME, as rumors of the company no longer being able to offer credit assurance were quickly backed by the likes of EA.

This week, then, brings news of layoffs and restructuring at the company’s head office. A total of 46 staff will be cut from the HQ in Basingstoke in order to¬†“change the way that we operate and will enable us to be significantly more efficient in our relationships with suppliers and customers”. So says a statement from the company.

The cuts include Dave Hughes, the man responsible for the company’s website relaunch last week.

“These changes reflect the growth of our multi-channel operations and the progress of our Dedicated to Gaming strategy.”

“They will also position us better to respond to the current video games market.”

Rumor has it that the company will be selling off its overseas business. A reduction of stores by 2013 is also planned. It’s crunch time for this retailer though; will it survive these difficult times?