#Mattel: the #REAL financial status. Why is the board still in place? Mattel, Inc. Come to #MGA. We have ZERO debt , #GROWING again and #HIRING. #Fun place to work. $3 billion in long-term debt $5.7 billion including off-balance sheet... — read more
Topics regarding layoffs at Mattel Inc.
https://www.bloomberg.com/news/articles/2019-08-13/mattel-is-said-to-have-sought-delay-not-sc-apping-of-debt-deal In a sign that Mattel Inc. isn’t too worried about the whistleblower letter that upended last week’s $250 million bond offering, the... — read more
Anyone know what is about to be communicated to managers regarding the compensation changes?
Rumor is the bond couldn't find any buyers and they had to pull it. Better listen to MGA.
Was Barbara forced out at the beginning of 4th quarter? No jobs posted. No advancement of reps. Just a reshuffling of the elite management group. How long will RSO team survive?
MGA got a new CMO from Mattel VP fresh off of line review! Way to go! Can’t make this up!
Looks like somebody hit a nerve... most recent posts have been scrubbed, nothing very new remains. Let's see how long this post lasts. Did Mattel buy Layoff .com with all their Q2 profits? :)
So the young man that follows RD around carrying his bag and water for him is his second assistant?
did any of this actually happen?
The stock Price went on friday to 14,27$ Will ynon or the Investors sell it
I think Ynon forgot to mention this during the earnings call. And MGA is the growth leader. Mattel is sinking.
Bust out the bubbly! We lost less in Q2 than Q1! $108 million is chump change! We're bleeding less! Bravo Ynon! That's why you pay yourself the big bucks! https://news.alphastreet.com/mattel-mat-stock-q2-2019-earnings/
Who can be the Private Equity Group who buys Mattel this year ?
We normally get these around end of July but the planning tool has not been opened up for managers. Is this another cost savings initiative?
Ynot – did you know that you are the CEO of a TOY COMPANY? I know you so desperately want to be the CEO of an entertainment company but taking the helm at our failing toy company was apparently the only gig you could get. So now you spend all of... — read more
I was thinking about American Girl the other day and it occured to me in recent years I've noticed a subtle change in the company’s output. No longer do the the dolls seem to convey the innocent girlhood image with which Pleasant Rowland had started... — read more
Yes, I am a knucklehead. Not only do I still have Mattel stock that I purchased when I was employed by Mattel, but I don't even know how to sell it. Can anyone help?
Already sold with precontracts
Please remove employees who aren’t rewarded with “perks” and do not work in El Segundo from your Employee Communication emails. Some of us rarely get to see our children due to your money saving ventures, not to mention what we pay weekly for... — read more
In which year will mattel acquired by the top investors?
I know a lot of people are not happy at Mattel, but they stay. So what would be the final straw for you?
This from a prior post. 'The management simply has no idea what to do with a company that has become the victim of its own dysfunction. Every move is a desperate attempt to stay afloat in the proverbial boat. The big picture that Ynot and his team... — read more
Anybody wants to guess how bad it will be? I'm going to assume we'll also get news on more layoffs on that day, as a way for leadership to mitigate the effects of what will undoubtedly be disappointing results... — read more
Any advice for someone trying to get in?
If you have Kaiser insurance and you are stressed out this might be for you. Kaiser has a month long class that will help you with you stress. It's only 2 days a week, but you get a whole month off of work with pay. I did it twice and it was really... — read more
See something. Say something. Then you just disappear.
Let me get this straight. 133 people are told in April 2018 that they will lose their jobs in January 2019. Meanwhile the company struggles to sell the mold ridden loaction. As expected, the building never sells, and jobs are still cut. Now in June... — read more
I certainly am...
OK, congrats to everyone here on surviving the last several layoffs. Now who called this meeting? Does this meet slots & rats? Are we on planogram? Have we focus tested this item yet? What does Dr. Shore say? What, we laid him off? Well as we... — read more
TRU making its return sometime next year via e-commerce and a few brick and mortar. Looks like we can all breathe a sigh of relief! No layoffs and no reason to make awful low budget s**t films Kronon!
Are we really looking at major layoffs in July or was somebody just trolling?
From what I understand Mattel is not laying anyone off. Employees are treated like sh-- till they can't take it anymore and leave. Especially at the distribution centers. Just think of how much they save if you don't get severance or unemployment.
Executive management, come on...how often is to often. What a calossil waste of time and money. All that time wasted could be spent developing the product vs. spent prepping for needless meetings. — read more
And he is winning, making the leadership team look even more inept than they are. Another round of horrendous results and meaningless conference call banter this quarter will hopefully trigger some other activist disgust.
Last year, Mattel lost $531 million on sales of $4.5 billion. Gross margins were 40%, so 40% of 4.5 billion equals $1.8 billion in profit. So add $1.8 billion to $531 million gets you around $2.3 billion. Divide that by 365 get you around 6.5... — read more
It’s not going to work, Issac. Most employees/stockholders are more frightened of you than they are of our current leaders. You can try to stir it all up if you want. No one with half a brain will ever trust you with the reins.