They layoff all their contract labor this time every year while they hammer out next years budget. Remember their Q4 ends this week, however they won't report till Mid March so they can decide what they want to invest in the next year vs how good to let guidance look. Be looking at the number of shares they issue the insiders mid Feb vs last year for a clue on their future guidance.
You obviously know nothing regarding the inside history of this company. In 2010 and 2011 the mass CONTRACTOR layoffs happened in May due to a mis-alignment of the business and IT deliverables. The layoffs on Friday were FTE's and many Director level and above. The first layoffs in the history of GameStop. Budgets are set by beginning of the fiscal year ~Feb. 1 and staff is ramped up for delivery of June / July Projects. Still want to buy, good luck.......... I have NO position in this stock and do not want one.