GameStop has confirmed layoffs at its corporate headquarters which has affected over 120 corporate employees, or 14% of the total associate workforce at the company headquarters.

In a statement to IGN, GameStop confirmed that it initiated the layoffs as part of its GameStop Reboot initiative. “

e can confirm a workforce reduction was implemented impacting more than 120 corporate staff positions, representing approximately 14% of our total associate base at our company headquarters as well as at some other offices,” GameStop said.

Here’s GameStop’s full statement below:

As part of the previously announced GameStop Reboot initiative to transform our business for the future and improve our financial performance, we can confirm a workforce reduction was implemented impacting more than 120 corporate staff positions, representing approximately 14% of our total associate base at our company headquarters as well as at some other offices.

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Source: IGN.com GameStop Confirms Over 120 Layoffs