Hasbro Is Laying Off 1,000 Workers To Cut Costs
The layoffs will affect 15 percent of Hasbro's workforce as it wants to "return our business to a competitive, industry-leading position."
Home to some of the biggest names in toys, Hasbro has been in business for over a century. Formerly selling textiles and school supplies, its long success with toys kicked off with Mr. Potato Head and has since seen Hasbro acquire major names in entertainment, from Monopoly to Transformers, My Little Pony to Nerf. It has since branched out into TV, movies, and more.
The layoffs will affect 15 percent of Hasbro's workforce as it wants to "return our business to a competitive, industry-leading position."
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