GameStop, a video game retailer and meme stock, is facing a significant decline in its shares following lower fourth-quarter revenue, weak holiday quarter earnings, and a sharp decrease in sales. The company has made multiple rounds of layoffs, with an unspecified number of jobs lost. Analysts have labeled the sales decline as 'unsustainable,' leading to concerns over the company's future profitability. GameStop's revenue for the fourth quarter decreased by 19.7% year-over-year to $1.79 billion, resulting in a drop of over 14% in its stock price. The retailer is implementing job cuts as part of its strategic plan to control costs and achieve profitability amidst rising competition from e-commerce firms.