ZERO activity on Hasbro's Layoff.com page for FIVE YEARS except for one bonehead question 4 months ago about Hasbro buying Mattel. That's a well-run company. Why? Because everyone from the CEO down has years of toy experience. They are everything we... read more
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Topics regarding layoffs at Mattel Inc.
Only a matter of time until Mattel calculates the financial fallout they will suffer from Toys R Us demise. Wouldn't be surprised if it results in a layoff of 10% or more of the staff in the coming month.
A previous poster predicted a big "Rebound" This is the editing department, need to make a correction to that post. It's not a "rebound" coming, it's a "re-possession" of Mattel employees' cars when they get canned. I've also made a recommendation to... read more
Most of the trolls here are probably sour grapes who have been let go. Seriously, we feel for you, wish you well, and know it could be us next. But what is being misrepresented and lost in this weird bickering is the truly magical feeling of change... read more
Sell off FP and AG. It could be a win win for everyone.
Sell off FP and AG!
Working at Mattel has been rough sometimes. Layoffs s---, we all can agree on that. I feel for those let go. I've been lucky so far, but that could change, and I know that. People come and go come and go again. There are some really negative people... read more
Both the Toys 'R' Us and KB Toys LBOs were orchestrated by Bain Capital. In 2005, Bain teamed up with KKR & Co. and Vornado Realty Trust to take over Toys 'R' Us in a $7.5-billion acquisition. The acquisition saddled Toys 'R' Us with so much debt, it... read more
El Segundo, CA- Mattel has announced plans to set up kiosks in malls and street corners to make up for retail loss. Office workers will be expected to run stands on staggered shifts to be able to interact with a lost consumer base to gain greater... read more
Seriously, there's nothing good about this company. The stock is garbage, the product is garbage, and the people who work there are garbage. Your values are all twisted at Tha giant meatball. Because of these three facts your demise is immenent and... read more
I've had blo--ob's worth more than that.
Whose stupid idea was to try to revive that dead unsuccessful franchise? The previews look like garbage and not sure how many little girls want to carry around a clam. I can already imagine little girls playing with their clam and the little people... read more
There is little chance a monopoly the size of HAS + MAT would be allowed. The Sherman Anti-Trust Act is not an easy nut to crack.
For those who were cheering the downfall of Toys "R" Us: The liquidation of Toys “R” Us Inc. has sent the toy industry reeling, leaving Mattel Inc., MAT -2.54% Hasbro Inc. HAS -1.23% and other manufacturers without a large chain devoted to selling... read more
Mattel execs have beaten the words nimble & disruptive to death. Large corporations aren’t capable of being nimble. Focus should be on efficiency not buzz words.
Let's see. Mattel has been in the crapper for nearly four years. About when RD came on board. Coincidence? Nah. Stock was over $40. Since then, it's been wave after wave of layoffs. Good people were let go in desperation. Lots of experience just... read more
They are filing the motion for Chapter 7 tomorrow. All US stores will be up for liquidation UNLESS the Canadian buyers are interested in saving a select number of stores. There will be letters sent out that will discuss the closure. Also sounds like... read more
Did they lay off anyone at the DC's or TX?
For those who believe that focusing more online will be enough, get your head out of sand. Part of the sales will move for sure, but it is already evident that a big chunk will be erased. This will be huge for all toy manufacturer, including Mattel... read more
Game over. Every US store gone. And anyone here who thinks that's no big deal is a complete moron. This will be catastrophic for us.
What happens now? Is anyone surprised by this? Can we avoid bankruptcy ourselves?
Do you even know how to toy?
You guys are the Baltic Ave. of the toy industry. A dusty old garage full of old broken toys. I'm sure your episode on the Antiques Roadshow will do well. You are basically the number one provider to garage sales and swap meets. That's something to... read more
Mattel is Barbie and Hot Wheels. Get rid of all the dead weight licences and worthless money burning teams like monster high and girls toy box. Worthless products and useless talentless staff milking the Co. Pay. Start there.
Got mine. Did you? Not much but it’s something!!
The place is held together with old pvc tubing. It was a great idea fifteen years ago, but its time to gut the place and install more competent toy minded copper tubing. Because let's be real, you guys aren't worth or will ever be gold. For a place... read more
How about this: a new CEO with LOTS of TOY INDUSTRY EXPERIENCE instead of one with ZERO TOY INDUSTRY EXPERIENCE? Fire everyone else from the BoD down to VP level. Combine all those salaries into one fund. Spend HALF that total to hire Hasbro's CEO to... read more
.....for all you gloom & doomers out there. Still, not everyone is pessimistic about Mattel. Morningstar Inc.'s Jaime Katz wrote in a note last week that Mattel is well on its way to cost reduction, as it's cleaned up inventory and initiated... read more
JoeE, we have an SVP of FP&A that for the last 2/3 years has had huge misses in forecasts done two months prior to the close, an SVP of GDPS Finance that has allowed Capex to double in 6 years of flat sales, an SVP of Treasury that has allowed debt... read more
MGO doesn't understand that COST CUTTING is one of the biggest drivers for getting us into the state we are in. We cost reduced our best and brightest designers out of the company and replaced them with less expensive millennials with no expertise... read more
So why hasn't anyone predicted or wished that JC would get the boot? Who's surprised? Who knew and just didn't care?
This company still has electricity and running water? No child plays with any of the plastic garbage you put on the shelves. So desperate you're scraping the bottom of a septic tank, literally. A p--p game? An obese Barbie who can't wear any of the... read more
The dam is bursting and I'd be surprised if they make it to 2019 without at least a MAJOR haircut in number of stores, with the real possibility of complete collapse... read more
If you’re s-xually harassed at Mattel don’t post it here. They now keep taking down any mention of it. Bash M-Go, RD, and the rest of their cronies all you want. EVERYONE knows who you’re talking about when you’re posting about them here, so it can’t... read more
Our stock once again is taking the plummet to failure. RD and is empowering press jaunt did as much as he does: nothing. M-Go needs to go and hopefully in the next week we'll get the usual re-org and layoffs.
This is looking very bad indeed. https://www.cnbc.com/2018/02/21/toys-r-us-is-in-danger-of-breaching-a-covenant-with-its-lenders.html
Makes you proud working for a company putting out crap.