A company like this owns nothing. If they stop making a profit, they are worth nothing but their name. And I mean the name is GameStop, so it's probably good for $15k from China. Getting rid of employee obligations is getting rid of one of the few ongoing obligations they are not able to just stop paying overnight. It seems like pre-bankruptcy behavior rather than an attempt to correct anything. This is compatible with them swirling the toilet for a while now.
I dunno if you can see if they are making any money, but my guess is if they stop they are gone in a week. There seems to be no reason to keep paying rent and employees to only lose money.
If this tips them into profitability that would make sense. As long as you're making something, you run it.
Has been going under for a while, this is typical 'do whatever we can to save us from sinking' bullshit you see from companies that tend to fail.
A company like this owns nothing. If they stop making a profit, they are worth nothing but their name. And I mean the name is GameStop, so it's probably good for $15k from China. Getting rid of employee obligations is getting rid of one of the few ongoing obligations they are not able to just stop paying overnight. It seems like pre-bankruptcy behavior rather than an attempt to correct anything. This is compatible with them swirling the toilet for a while now.
They’ll go the bed bath and beyond route and name an online store after it
I could imagine Best Buy buying the IP/trademarks/etc and doing that, rebranding their video game department.
Oh, those are gone? I didn't even notice.
I dunno if you can see if they are making any money, but my guess is if they stop they are gone in a week. There seems to be no reason to keep paying rent and employees to only lose money.
If this tips them into profitability that would make sense. As long as you're making something, you run it.