Hasbro announces 1,000 job cuts, warns of weak Holiday quarter

Photo by: WDAY Radio Staff
Photo by: WDAY Radio Staff

(Pawtucket, RI) -- Hasbro is going to lay off around a thousand employees.

The toy maker announced the job cuts on Thursday, along with a warning that it expects weak holiday-quarter results.

The layoffs will reduce Hasbro's global workforce by around 15-percent as the company looks for ways to save between 250-million and 300-million dollars a year by the end of 2025.

Suggested

Photo by: DraftKings
Boston-based DraftKings cutting 140 jobs
Thu, Feb 2nd, 2023 - 10:00am
Photo by: General Motors
GM to eliminate Executive, Salaried jobs
Fri, Mar 3rd, 2023 - 8:00pm
Photo by: Peloton - Facebook
Nearly 800 jobs being cut by Peloton
Mon, Aug 15th, 2022 - 7:41am