Hasbro, the toy maker, is laying off about 1,100 employees, impacting its subsidiary Wizards of the Coast. The layoffs are due to weak holiday sales, with a total of 29% of the company's workforce being cut. The CEO's memo to staff highlights the need to cut costs amidst the sales slump. The layoffs are expected to continue into 2024, affecting longtime employees of Dungeons & Dragons and Magic: The Gathering.
Hasbro to lay off 1,100 employees through 2024 Longtime employees for Dungeons & Dragons and Magic: The Gathering have been hit hard by Hasbro's new string of layoffs to close out the year. https://t.co/KTxV4g7wnS https://t.co/68CwYP3Fss
Hasbro to lay off 1,100 employees through 2024 https://t.co/KTxV4g84dq https://t.co/i692jz6gtG
Hasbro laying off 1,100 workers as weak toy sales persist into holiday season https://t.co/aFHnPmrFIf https://t.co/VLNisjaIL5
Will 2024 bring more layoffs in the tech sector?
Trending: New round of layoffs at Hasbro impacts Wizards of the Coast — read CEO’s memo to staff https://t.co/0DejjLN5K4
Hasbro has become the latest company to announce layoffs, saying they’ve noticed a decline in toy sales. I don’t look at the toy shelf often anymore (except for Batman), but have you all noticed a slowdown? https://t.co/gn4aPbzlLw
Hasbro Cuts 900 More Jobs, Total Layoffs Amount To 29% Of Entire Company https://t.co/P6VAsxU1LY https://t.co/UK9iN7weM8
Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season, according to a company memo obtained by CNBC. https://t.co/WZ5Lh8Y9rE
Hasbro's latest wave of layoffs will impact around 1,100 employees into 2024, as described in an internal memo. https://t.co/mjl9epGbQy
New round of layoffs at Hasbro impacts Wizards of the Coast — read CEO’s memo to staff https://t.co/0DejjLN5K4
More layoffs ahead at Hasbro as toy sales slump despite seasonal strength https://t.co/M25m1iq7OG
Hasbro lays off nearly 20% of its workers https://t.co/nL3x0Fo8Hf
TOY MAKER HASBRO TO LAYOFF ANOTHER 20% OF ITS EMPLOYEES IN ORDER TO CUT COSTS OVER WEAK HOLIDAY SALES $HAS https://t.co/Kq2HGfsAS4