I’ve heard rumors that more layoffs are coming this month. Has anyone else heard this?
Karma
These corporations seem to have no idea how to address any of their issues other than to lay people off. They do it to please the shareholders, however everyone else is stressed out. They wonder why employees have no loyalty to their company... — read more
It's happening - Monday 10/27
Already hearing folks getting let go. Good luck to us all.
Layoffs upcoming?
Rumor mill is swirling around the office with another round of layoffs coming at the end of October? Has anyone else heard this?
Boston Move Confirmed as of 1 PM EST email
400 Summer street. Suuuuuuper. How fu--ing done deaf could he be: "For many, especially those in Rhode Island, the move brings real changes: I want to acknowledge that some of you will now have longer commutes and more daily complexity for you and... — read more
Pawtucket officials still haven't heard from Hasbro
https://www.valleybreeze.com/news/pawtucket-officials-still-haven-t-heard-from-hasbro/article_ad35a301-d9be-4e14-bc01-6966b1f5f8c3.html And with the state of the company meeting next week and Chris p cocks being too much of a little bi--h to face... — read more
Boston move confirmed?
Rumor has it a lease was already signed for summer street in Boston. Which coincides with rumors from before the holiday that the decision was made. NPA's days are numbered.
Hasbro cuts 3% of workforce
“Ultimately, tariffs translate into higher consumer prices, potential job losses as we adjust to absorb increased costs and reduced profits for our shareholders,” CEO Chris Cocks said on a call with analysts in... — read more
Yep, layoffs!
Hasbro Cuts Jobs Amid Tariffs and Falling Demand Toymaker Hasbro is laying off 3 percent of its global staff. That amounts to about 150 employees. The company says it is restructuring to meet long-term goals. Hasbro is under pressure. Tariffs on... — read more
Summer layoffs?
Rumor mill is abuzz and suggesting next week (6/17 or about) will be some significant layoffs. Buckle up my friends.
Circling the drain
As of this week RTO 3 days a week, no more remote hires, and half day fridays are gone. Boston decision by summer (seems like a done deal). Even marketing folks racing for the door. Feels like the beginning of the end.
More in Q1
Rumor mill running rampant that more layoffs are coming. Not to mention the will they/wont they questions of moving to Boston, forcing a RTO mandate, and ki-ling half day Fridays. Folks running for the door at all levels of the biz, from the... — read more
Godspeed to all affected
I’m worried for the rest of us as well. We all know that ‘restructuring’ can be a convenient excuse for more layoffs in the near future. They can just spring some needed ‘adjustment’ or some such out of the blue. I’m sorry for all the good peeps... — read more
Hasbro to lay off dozens of workers, including in Rhode Island
Hasbro said Wednesday that it will lay off about 100 employees as the company announced a restructuring plan this week. Of those layoffs, a company spokesperson told NBC 10 that workers in Rhode Island make up about half of those... — read more
Worried about tomorrow
Stu Y running for the door. Leadership scrambling in the TG side. Conf rooms booked for large stretches in HK. Middle managers being told they "should come into the office tomorrow" Not optimistic.
Hasbro is led by id--ts
BG3 is the best game of the year. It sold so much better than anybody predicted. It gave us nearly $100 million in clean profit, so far. But what did Hasbro's leadership do? They laid off most of the people from Wizards of the Coast who worked on the... — read more
Shares downgraded
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
Everybody should read this
https://twitter.com/girldrawsghosts/status/1736835665952686502
Shows the idiocy of the move
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
CEO Chris Cocks email
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
2023 Layoff Tracker: Hasbro Cuts 1,100 Employees
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
900 to 1000 employees being layed off? What departments and when?
I’m sorry to see this happening. Please keep us updated.
Even greater expectations
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
This has nothing to do with overhiring
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
This is the result of over-hiring
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
Global Toy News says 1,000 employees will be layed off. So sorry to see this happen to this once great company.
https://globaltoynews.com/2023/01/29/the-hasbro-layoffs-who-is-at-risk/
Layoffs Incoming!
https://toybook.com/hasbro-2022-preliminary-earnings/
Was Thursday it? or will there be 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?
Designer Layoffs in LA
It's a big layoff, the timing is bad. Good luck to all affected...
Scope of pending layoffs?
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
Rumors of layoffs?
I’ve been hearing rumors of layoffs that may be starting this month. Anyone else hear anything?
Strong revenue, earnings growth
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
Now it's eOne, what's next?
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
More layoffs today
Be prepared folks, Hasbro is not done yet.
Again?
Are company wide layoffs happening again?
Offered a position, is Hasbro secure?
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?
More coming
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
Severance
What kind of severance will we get wit Hasbro???
Several Hasbro field territories closed down!
They already did another round. Two weeks ago. It all started on Oct 17. So many laid off. Several field territories closed down.