GameStop fires CFO and announces layoffs

GameStop (GME.US) shares booked more than 15% gains yesterday amid news of a proposed stock split (4:1). The stock split itself will take the form of a dividend, with a receipt date of July 18 and a payout date of July 21. Today, however, the company's pre-session trading shows a significant deterioration in sentiment (the stock's pre-opening valuation is currently down nearly 7%).

Reasons for such a reversal on the company's stock include:

The firing of the company's current CFO (Mike Recupero)
The company's downsizing

The struggling video game retailer is making a "series of staff reductions," according to a company memo reviewed by Bloomberg and initially reported by Axios. The cuts will be felt across the parent company and Game Informer, the company's online magazine.

The internal problem at the company is a dissonance between the staff of former e-commerce and classic business employees, Bloomberg reported. The skills involved in running an e-commerce business do not easily translate to the classic business, according to a person familiar with the matter, contributing to confusion and uncertainty around the company's direction.

GameStop (GME.US) stock, H4 interval. News of the dismissal of the company's CFO and job cuts pushed the company's shares nearly 7% lower during pre-opening trading. Source: xStation 5

21 August 2026, 5:10 PM

Ross Stores: "Only" good earnings, or a recession signal?

21 August 2026, 3:07 PM

US OPEN: The market takes a shallow breath after intervention in US debt

21 August 2026, 10:43 AM

Market Wrap: European Indices Rise, CTS Eventim Falls After Earnings 🚩 Metals Gain Amid Bond Market Strains

20 August 2026, 6:41 PM

Daily Summary: Dollar Recovers Losses, Oil Near 3-Week Highs 🗽 US30 Falls 1%

Stocks

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days