Hasbro laying off 1,100 workers amid weak toy sales – NECN
Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season.
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Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season.
In a memo to employees, CEO Chris Cocks said market headwinds "have proven to be stronger and more persistent than planned."
Hasbro, the toy brand behind My Little Pony and Transformers, had already laid off hundreds of employees earlier this year.
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