Topics regarding layoffs at Hasbro Inc.

Topics regarding layoffs at Hasbro Inc.

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 


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.

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Post ID: @OP+1jzqz19vf

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 

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Post ID: @OP+1jy48ka0b

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 

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Post ID: @OP+1jy2cfyhp

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 

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Post ID: @OP+1v9EmSmp

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.

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| 480 views | | 2 replies (last October 23, 2024)
Post ID: @OP+1v8syA2H

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 

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| 490 views | | no replies yet
Post ID: @OP+1rI8QRdz

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 

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Post ID: @OP+1qox8Q5O

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 

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Post ID: @OP+1q5aqDf6

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 

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| 1320 views | | 5 replies (last December 16, 2023)
Post ID: @OP+1q3OfONc

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 

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| 900 views | | no replies yet
Post ID: @OP+1q22Qijt

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 

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| 1790 views | | 1 reply (April 22, 2023)
Post ID: @OP+1ljPTMlN

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 

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| 1670 views | | 5 replies (last December 15, 2023)
Post ID: @OP+1l4NE7HL

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 

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| 1340 views | | 2 replies (last February 14, 2023)
Post ID: @OP+1kXWQJlY

Layoffs Incoming!

https://toybook.com/hasbro-2022-preliminary-earnings/

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Post ID: @OP+1kTNbdNd

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?

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| 1550 views | | 1 reply (October 7, 2022)
Post ID: @OP+1j5mFvb8

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 

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| 1200 views | | no replies yet
Post ID: @OP+1fbS8Q4Y

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 

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| 2050 views | | no replies yet
Post ID: @OP+19ll3reL

Again?

Are company wide layoffs happening again?

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| 2270 views | | 2 replies (last January 27, 2020)
Post ID: @OP+13dL0uD0

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

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| 2440 views | | 2 replies (last February 19, 2019)
Post ID: @OP+XxN6ln4

Severance

What kind of severance will we get wit Hasbro???

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| 1673 views | | no replies yet
Post ID: @OP+W2ht3R9

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