GameStop CEO announces a new salary system for employees

The company is growing day by day, and employee salaries are increasing.
Two women and a man walking in front of the GameStop store.
The statement emerged in a Twitter post.

GameStop CEO Matt Furlong announced that salaries would be increased in response to problems with working conditions in recent months. Employees of the Gamestop Gateway Mall in Lincoln, Nebraska, quit their jobs to protest poor working conditions.

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It’s been almost three months since the company was accused of labor law violations. A former GameStop employee filed a class action lawsuit against the company for allegedly violating the New York Labor Code.

Matt Furlong’s message, which came to the fore with a Twitter post published by Stephen Totilo, shows that the store chain has an important place in addition to e-commerce. Part of the message on the subject includes the following words:

“While we continue evolving our ecommerce and digital asset offerings, our store fleet will remain critical to GameStop’s value proposition.”

Explaining that a time-based payment model has been introduced to employees in terms of salary increase, Furlong said that each Store Leader would receive shares worth $21,000 vested three-year. In addition to this option, he announced that GameStop would provide additional performance-based compensation quarterly, and hourly wages would be increased for Assistant Store Leaders and Senior Guest Advisors.

“In the coming weeks, additional details will be provided to Store Leaders and impacted associates. We look forward to continuing to attract and retain passionate, quality talent across our stores.”

Furlong also says that the stock compensation is within the scope of the plan approved by the shareholders. It is not yet known how much the hourly wages have been increased.

The company continues to grow and increase its investments day by day. The company, whose net sales reached $1.38 billion in the first quarter of 2022, started investing in many different branches. The company, which created an NFT market earlier this year, later announced that it was launching its crypto wallet. Earlier this month, multiple stolen indie games were sold on GameStop’s NFT market.

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