GAME Gets Delisted, Enters Administration

[Vault Citizen]

That is one determined asteroid Kayatta

As you can probably imagine, GAME's board has likely been in session around the clock, as it was revealed earlier this week that a Monday shutdown was eminent if an acquisition deal wasn't brokered. Though the company had initially clung to hope of that possibility, as of this morning, its board has announced that it sees "no equity value left in the Group,"

Fixed that for them.

The good news is, if there is good news, that according to the potential scenarios outlined by GAME prior to these events, a voluntary state of administration would include a plan to only close 1,000 of its stores while 300 would be rebranded and reformed as a "new company, funded by current bank lenders." It may not be much, but could at least save a substantial number of workers from losing their jobs.

If it's still being run by the same people, those jobs won't last long. Personally I'd rather be unemployed.

Do you have much experience with unemployment?

I At least then I would have the chance of being hired by somebody who has a clue what they're doing.

Unless GAME has a very long notice requirement you could still search for a new job while working for GAME. That way you still have a job while you look and don't run the risk of a prolonged period of unemployment.

 

[MarsProbe]

If Game actually did go for good, I'd miss them. Hopefully they can keep things going for a bit longer, maybe things could pick up again.

I was in one of the Game branches just a few days back and it did make for a bit of a sorry sight. It's not a good sign when they aren't even able to stock 360 controllers, let alone thr games. That, and the staff didn't exactly look at their happiest either.

Maybe I've just been lucky, but I've also had some good banter with the staff in the Game shops round where I live. Something that would likely be sorely missing if we had to switch to buying from a non-specialist shop.

 

[CardinalPiggles]

As bad as many feel they were, I cannot understand all the, "Herp derp they deserved it" attitude. No one at all who works for GAME deserves to lose this jobs, and what could be pretty instantly that next week they'll be in the job centre applying for some dole.

I don't remember anyone saying that the underlings deserved to lose their jobs, just that their business practices were sometimes outrageous enough for people to not care about them as a company shutting down.

 

[cookyy2k]

I have fond memories of saving up my pocket money for weeks then when I got enough then the exited trip to Game to get something for my master system. Then later on in my life the exited trips to buy the latest console on release like I did with the PS2, xbox and DS. Whilst I don't use them anymore under normal circumstances I'm sad to see them go, they're a little bit more of my childhood gone.