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Hasbro cutting 1,100 jobs as toy sales slow

Por: Fox Business Business December 12, 2023

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Storch Advisers CEO Gerald Storch discusses the retail industry and consumer health on ‘Varney & Co.’ Hasbro Inc. is laying off nearly 20% of its global workforce after facing back-to-back quarters of falling toy sales.  CEO Chris Cooks said in a Monday memo to staff that the cuts will affect approximately 1,100 employees. This comes in addition to the roughly 800 job cuts that were already made earlier this year, according to Cooks.The... + full article



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