GameStop Corp is laying off employees and Chief Financial Officer Mike Recupero has left the video game retailer, Axios reported on Thursday, citing a company memo.
The company’s shares fell about 8% in extended trading.
GameStop did not immediately respond to a Reuters request for comment.
Recupero will be replaced by Chief Accounting Officer Diana Jajeh, an Axios reporter said on Twitter. (https://bit.ly/3RhJzOr)
Shares of the company had closed up 15% after it said on Wednesday that the board had approved a four-for-one stock split.
GameStop has been looking to bolster its online sales as shopping trends toward e-commerce accelerated during the pandemic.
(Reporting by Chavi Mehta in Bengaluru; Editing by Sriraj Kalluvila)