Hasbro Announces Additional Layoffs
Company to reduce workforce by additional 1,100 positions
Stay updated with breaking news from Chris Cocks. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Company to reduce workforce by additional 1,100 positions
Planet Business: Hasbro’s nightmare holiday season, the ascent of Viking Toast and Christmas TV fare
This year Dungeons & Dragons reached highs even beyond its already massive reach. And yet 2023 will also be defined by its owner's mistakes.
American toymaker Hasbro has announced it is axing around 1,100 jobs, or 20% of its workforce, as a slowdown in sales extends into another major shopping season.
Hasbro, the toymaker behind games such as Monopoly and the Transformers action figures, will eliminate about 1,100 jobs globally because of stronger-than-expected "market headwinds," chief executive Chris Cocks told staff Monday in a memo.