Hopefully most of the workers manage to land on their feet.
Honestly at this point anyone still working at a Gamestop should be actively looking for another job.
Most of these places have tried to shift the focus away from games and start selling more accessories, figures, comic books and things like that. But it hasn't been enough (and those types of products can also be bought online).
I'm personally surprised none of these big chains went into the retro stuff sooner. I could also have seen gamestop attempting something like a limted run games publishing attempt which would have allowed them to release exclusive physical games. But then again I don't know how much money there really is in that.
GameStop tried retro stuff multiple times in the past. Every time the end result was lots of stuff getting scrapped making things even rarer. They also did have exclusive physical releases.
People will point at the move to digital being the main factor, but it's much more than that. GameStop made a lot of money by having a stream of new releases. People would play them, trade them in for credit, and then buy more. Other people would then come in and buy the used games. Yes, more digital hurts this. But the much fewer numbers of releases hurts this even more. Steam released data that only 15% of playtime this year was for 2024 releases, 47% was games released 1-7 years ago, and 37% for games that were 8 or more years old. If consoles are similar, would be be buying buying used copies, or spending $5-20 and purchasing older games digitally. GameStop got undercut because publishers don't make money from used sales. But if they can make $5-10 per highly discounted digital sale that would have been a used sale they never profited from. And there were a lot fewer people buying new releases and flipping them for other new games. If they did they likely sold them locally themselves. The buyer pays less, the seller received more, and GameStop didn't get any cut.
Finally, we're all hanging out here, that means we're likely old people. Young people play on their phones and tablet way more. And likely play live service games if they use a PC or console. Ask people who children that are teenagers or younger, or with family members that young. What games did they want for Christmas? You'll find out most didn't want games, they wanted Fortnite V-Bucks and the like instead. And who can blame them. Their just hanging out with their friends playing games together like I did with Quake World CTF, and Counterstrike. Except;t they didn't even need to each buy copies of a game to play, it's just there and free to access.