After a rough week for Game Group Plc the inevitable has happened and GAME has confirmed job losses at its Basingstoke headquarters.
A total of 46 roles roughly 10% of the workforce at the head office in Basingstoke have been cut. A spokesperon for GAME said:
“The proposed restructure will result in around 46 fewer roles at our central support centre in Basingstoke..Our proposed new structure will change the way that we operate and will enable us to be significantly more efficient in our relationships with suppliers and customers.
Amongst the layoffs, there is a also a corporate restructure with several people taking new positions within the company. Former commercial strategy director Tricia Brennan became chief commercial officer, while the new channel director is the former managing director Tom Devine. The man who was in charge of the recent relaunch of www.game.co.uk Dave Hughes will leave the company in March.
GAME recently dodged a bullet after it was able to renegotiate credit agreements with major lenders and publishers allowing for it to get stock of the newest titles. However as rumoured it is selling it’s overseas business as has set a deadline of this Friday for companies to make an offer.