Hasbro warns of weak holiday quarter results, cuts 15% of its workforce


In this article


Game maker Hasbro
Justin Sullivan | Getty Images

Shares of toymaker Hasbro

“Despite strong growth in Wizards of the Coast and Digital Gaming, Hasbro Pulse, and our licensing business, our Consumer Products business underperformed in the fourth quarter against the backdrop of a challenging holiday consumer environment,” said Chris Cocks, Hasbro chief executive officer.

The layoff of around 15% of its global workforce comes as the company seeks to save between $250 million and $300 million annually by the end of 2025.

This is breaking news. Please check back for updates.

: Marqeta promotes Simon Khalaf from chief product officer to CEO

Previous article

: What’s next for Bed Bath & Beyond after defaulting on its loans?

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in News