Analyst Linda Bolton Weiser lowered her rating for Hasbro shares to Neutral from Buy Tuesday and trimmed her price target to $53 from $60. “Signals point to management uncertainty about when the toy business will resume growth,” she wrote in a... — read more
Baldur's Gate 3 Studio CEO Comments on Hasbro Layoffs The CEO of Larian Studios comments on the recent Hasbro layoffs when thanking all the people who made the existence of Baldur's Gate 3... — read more
Subject: An Update on Our Business Team, A year ago, we laid out our strategy to focus on building fewer, bigger, better brands and began the process of transforming Hasbro. Since then, we've had some important wins, like retooling our... — read more
Toy manufacturer Hasbro will cut 1,100 employees, according to an internal memo released Monday, making it the latest major U.S. company to reduce its head count this year (see Forbes’ layoff tracker from earlier this year... — read more
I’m sorry to see this happening. Please keep us updated.
The expectations of the employees who are still here have been raised once again. I really can't take it anymore, I have to find a new job as soon as possible because health is priceless. What frustrates me the most is that the manager does not... — read more
Most of the teams are understaffed so how did they ever over hire? I can attest to this. I've been doing two jobs at once for over a year because we haven't been backfilling positions that desperately need to be backfilled. How is that overhiring?... — read more
Things were amazing at the start of the pandemic and Hasbro did some major hiring. Now things are coming back down to earth and they realized we have too many employees. My only hope is that they're going to lay off people who were hired more... — read more
Anyone have any insight? I know there was that stupid video where they were like "such a sad day, we had to can 125 people" but is that all there is? If you survived this week you're okay for the near-term? Or is there another wave expected?
It's a big layoff, the timing is bad. Good luck to all affected...
With the company’s new leadership and “strategy” (which includes completely divesting from many brands and trying to sell eOne), the rumor is that layoffs will happen in October around the investor meeting. Does anyone have a sense of how extensive... — read more
I’ve been hearing rumors of layoffs that may be starting this month. Anyone else hear anything?
I believe you have all seen the results, but here it is anyway: https://finance.yahoo.com/news/hasbro-reports-strong-revenue-operating-113000181.html This leadership is very lucky, that is my personal opinion. They would never admit that these... — read more
Entertainment One Lays Off 10% of Film, TV Workforce Amid Streamlining According to a memo from eOne’s head of film and TV, Steve Bertram, the layoffs come amid a move to “evolve the focus and structure of our organization around the world” and... — read more
Be prepared folks, Hasbro is not done yet.
Are company wide layoffs happening again?
What is the culture here like? I’ve read about lay offs over and over again and I’m wondering if chasing the money is worth it?
From a director here at hasbro.... we were told to help organize for more "reorganization" here in the next couple of months and make our recommendations on cutting my staff. Rounds will be decided in April with cuts coming most likely after gsmm
What kind of severance will we get wit Hasbro???
They already did another round. Two weeks ago. It all started on Oct 17. So many laid off. Several field territories closed down.
Pretty sure that Hasbro’s problems run much deeper than state taxation. They lost over 10% of their business once Toys R Us went under and haven’t been able to make it up. You lose that much in sales and there’s no amount of state penalties or... — read more
And it's worse that we thought. Ten percent of Hasbro employees comes to between 500 and 600 people, if I'm not mistaken (from what I know, our total employees are somewhere in that range, times ten of course.) With still no additional details on the... — read more
Hasbro has decided to announce layoffs without giving us any info on how many people will be affected and which areas and locations will be affected. So now we have to wait and stress for days or weeks while waiting to find out if we are safe or not... — read more
With more and more people in the field turning to us amid layoffs and closings in their own companies, I think it'd be fair to give an honest picture of Hasbro. First of all, this is not a perfect place to work. Yes, there are great advantages like... — read more
Hasbro could be doing much better if top leadership called out managers who are obviously motivated primarily by internal politics and their own goals and ambitions, instead of the success of the company as a whole and the well-being of the... — read more
Hasbro has changed in recent years, and not for the better. There used to be a chance to advance based on the merit of your work, but that is hardly the case anymore for anybody except those in high-profile positions. That is now compounded with pay... — read more
Hi folks. I work at Mattel. As you may have heard, our company is a sinking ship. We've heard rumors of Hasbro buying Mattel. Have you heard anything?
BTW, to further support my previous statemetns. Just search for AP announcements from late Jan and you'll see that there was an announcepent that Hasbro is planning to cut 10% of all workers (globally) - the goal is to cut experses. Now this is... — read more
It never stops at Hasbro, we are so used to layoffs that no news about this or that group being eliminated is surprising anyone. We've see different modes of cost cutting over here, from slow and silent elimination of individuals at all levels to... — read more