TCGPlayer to lay off a portion of its workforce

Local News

SYRACUSE, N.Y. (WSYR-TV) — TCGPlayer, an online trading card marketplace, will be laying off just under 15% of its workforce, which is between 30 and 40 people. 

CEO Chedy Hampson tells NewsChannel 9 that it has become clear that the company has become overstaffed in many areas over the last few years. The employees losing their jobs will receive severance packages.

After these layoffs, around 200 employees remain at TCGPlayer, which moved into the Galleries last summer.

Below is the statement released by TCGPlayer:

“As we approach 2020, TCGplayer set our objectives very clearly around delivering Point of Sale software into Brick & Mortar stores, improving our online Marketplace experience, and coordinating better interactions with online content sites. When we sat down to fully align our teams around achieving these objectives it became clear that attempting to perform work beyond these objectives would cause us to be unfocused and hurt our ability to execute, and as such, we have realized we have become overstaffed in many areas over the last few years.

Today we took the extremely difficult step of separation with a number of our colleagues, who will each be receiving severance packages. This necessary step will ensure that we stay focused and can execute on only the most impactful projects. This step ensures that we will deliver collectible hobby industry-defining products throughout 2020 and beyond.”

Chedy Hampson, CEO, TCGplayer.com

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