I agree with 'don't let marketing run the business'. That has been the undoing of Mattel. I worked for Mattel for many years. After watching and studying the Barbie collector market, I came up with a great idea for Barbie Collector. Pitched it to the... — read more
Mattel - pull it together!
In 2003, LEGO almost went out of business because they had diversified so much that they lost their way. The company was for sale to the highest bidder. After a lot of soul searching and deep diving, they turned around their business and concentrated... — read more
Dear Lisa and Chris
Congratulations! By merging Barbie and Star Wars together to make the latest couture dolls, you’ve managed to create a product that both collector camps WON’T buy.
More on whistleblower letter
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 $250 million bond offering, the... — read more
Compensation Changes
Anyone know what is about to be communicated to managers regarding the compensation changes?
WTF is what Isaac saying true?
https://www.linkedin.com/posts/activity-6566409433763708928-pkGZ
Bankruptcy Soon
Rumor is the bond couldn't find any buyers and they had to pull it. Better listen to MGA.
Mattel Whistleblower.
https://www.globenewswire.com/news-release/2019/08/09/1899735/0/en/Mattel-Investigated-for-Securities-Fraud-by-Block-Leviton-After-Whistleblower-Letter-Causes-Cancellation-of-Bond-Offering-Investors-Are-Encouraged-to-Contact-The-Firm.html
Retail Service changes
Was Barbara forced out at the beginning of 4th quarter? No jobs posted. No advancement of reps. Just a reshuffling of the elite management group. How long will RSO team survive?
New Posts are Disappearing
Looks like somebody hit a nerve... most recent posts have been scrubbed, nothing very new remains. Let's see how long this post lasts. Did Mattel buy Layoff .com with all their Q2 profits? :)
2nd assistant
So the young man that follows RD around carrying his bag and water for him is his second assistant?
Did mattel open the new office in queens? what about the rehiring in EA?
did any of this actually happen?
Stock Price
The stock Price went on friday to 14,27$ Will ynon or the Investors sell it
Hasbro Recaptures Leadership Position as #1 Global Toy Company
I think Ynon forgot to mention this during the earnings call. And MGA is the growth leader. Mattel is sinking.
WOO-HOO! We Lost $108 Million in Q2!
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/
Private Equity
Who can be the Private Equity Group who buys Mattel this year ?
Are we getting equity awards 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?
A Message to Ynot from the employees at Mattel
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
Regarding the decline at American Girl?
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
HOW DO I SELL MY MATTEL STOCK THAT I PURCHASED AS AN EMPLOYEE?
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?
Sold out
Already sold with precontracts
Dear Richard,
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
Acqusition
In which year will mattel acquired by the top investors?
What would make you quit?
I know a lot of people are not happy at Mattel, but they stay. So what would be the final straw for you?
It's not a matter of ethics; it's a matter of experience........
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
Mattel's second quarter results to be announced on July 25
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
FP is such a dumpster fire
https://buffalonews.com/2019/06/27/fisher-price-hopeful-investments-in-east-aurora-bode-well-despite-declines/
How did you get the job at Mattel and how was the first interview?
Any advice for someone trying to get in?
Need a break from Mattel
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
Careful if you speak up
See something. Say something. Then you just disappear.
Ooops- guess getting rid of AG Wilmot was a mistake
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
Anybody NOT looking for a new job?
I certainly am...
Listen up
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 Coming Back
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!
Layoffs in July?
Are we really looking at major layoffs in July or was somebody just trolling?
Micro Layoffs
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.
Let’s be honest, isn’t everyone tired of the amount of effort and time we spend presenting to ourselves ridiculous. BDO, Line Review, etc...
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.
Isaac is “toying” with Mattel
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.
Can someone from the finance dept help me out?
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