Thread regarding Mattel Inc. layoffs

Layoff Lesson #1: this is how it is executed

you get called to a designated area (conference room, etc) and your direct supervisor has a script. “as you know, blah blah blah” then they shut up and the HR rep explains your exit package which at this point is next to nothing. your supervisor sits there like a silent dummy the whole time uncomfortable.

you’re then asked if you have any mattel property that needs to be returned and after you sign the papers for any severance they may offer, you are escorted out.

by | Post ID: @QAeUBy2
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16 replies (most recent on top)

I was axe'd from IT. I was only given a 2 paycheck package so it's an absolute disaster for me.

by | Post ID: @QAeUBy2-1lwg

What departments are being hit? I heard IT (again).

by | Post ID: @QAeUBy2-1umu

Anything go down In EA today?

by | Post ID: @QAeUBy2-1gtn

Is it mostly happening in the tower, or are people in the design center getting the axe too?

by | Post ID: @QAeUBy2-dnp

Sorry I can't say anything about the formula because of an agreement I signed. It is generous in my situation and I'm a bit older than the average employee I see riding in the elevator. I've only been here for a relatively short time. I should be able to find a new job with the money they gave me no problem and unemployment starts in Jan. Hopefully you all made it past the cliff in the PIP retirement contribution and 401k match. I think it is 3 years. If you survive this week, you may be okay. Look for the guys walking around with the yellow badges on the HR floor. It's the reaper. You get taken down the stairs to see the reaper.

by | Post ID: @QAeUBy2-zzx

How much is M-Go and RD and rest of senior management paying themselves this year for sinking a company??

Happy Holidays from a company that makes TOYS... You’re all unemployed! Though senior management will surely have a warm full merry Christmas

by | Post ID: @QAeUBy2-mum

To the person who got terminated (two comments below), can you share with us what your severance package was? this is anonymous.... thanks!

by | Post ID: @QAeUBy2-nru

OMG OMG - I'M SO NERVOUS!

by | Post ID: @QAeUBy2-dpt

I got terminated. I think it is sort of an assembly line. HR and the boss talk to you and you get your walking papers. Then you go to a transition guy who try's to tell you about resume services etc. They have some standard formula's that are pretty generous in my situation. Mattel is having a hard time and they are pretty good to the employees. The problem is that they may not be laying off the correct people. Higher management may need to be laid off before it can bring about meaningful change. Mattel is really nice place to work for the most part. I also like the people. Too bad the company is not doing well. One of the things that is a problem is that their are so many rules it really slows things down. I'm thinking it is for the best. Maybe you all can find a situation working for a company just as good as Mattel but with less rules and growth. Good luck.

by | Post ID: @QAeUBy2-zyx

Happening in EL SEGUNDO RIGHT NOW!!!

by | Post ID: @QAeUBy2-mne

Where are the cuts happening?

by | Post ID: @QAeUBy2-pqq

My supervisor never showed up for my terminatiin....made the HR guy squirm through the whole ordeal.

by | Post ID: @QAeUBy2-nbf

Just try to get a conf room booked. When they’re all strangely booked by people you don’t know that’s a sign it’s happening.

by | Post ID: @QAeUBy2-rbv

I think a lot of people land in a better place, with better pay and less stress. It may seem bad at the time but it often works out for the best. And no not all industries are shrinking.

by | Post ID: @QAeUBy2-xvv

I was ex Mattel staff and those who handled my layoff were being layoff as well!

by | Post ID: @QAeUBy2-eod

Spot on. As someone who was let go few years back, this is how it went down. Immediate manager or Director calls you to come to their office. HR is there with your manager/Director. Manager/Director gives their spiel then HR tells you this is your final paycheck if you want severance sign and mail back.

All that being said, thanks for the paid vacation Matt-hell. Landed a better gig with better hours and pay.

by | Post ID: @QAeUBy2-atb

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