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: GameStop terminates CFO, reportedly plans layoffs; stock falls

After rising in regular session following news about stock split, shares sink in after-hours trading as retailer says top finance official was terminated

GameStop Corp. reportedly told employees about the departure of its chief financial officer and planned layoffs Thursday.

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GameStop Corp. shares fell in after-hours trading Thursday, after the company revealed that its chief financial officer had been terminated amid reports of layoffs.

GameStop GME stock declined more than 5% in the extended session after Axios reporter Stephen Totilo reported that an internal email had disclosed the departure of CFO Mike Recupero and “a number of reductions” in GameStop’s workforce. CNBC later obtained and published the memo from Chief Executive Matt Furlong, which promised to “right-size headcount across several…

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