Topics regarding layoffs at Mattel Inc.

Topics regarding layoffs at Mattel Inc.

Quarter of the Workforce Laid Off

https://www.wsj.com/articles/mattel-to-cut-2-200-jobs-as-toy-maker-battles-losses-1532550800 More than 2,200 jobs being cut, selling manufacturing sites in Mexico…

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| 851 views | | 1 reply (July 25, 2018)
Post ID: @OP+UktafLE

It's not completely over

They are tying up loose ends. people like me that where not at work yesterday;]

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| 680 views | | no replies yet
Post ID: @OP+UkyBCUa

Human Capital, Wasted...

Mattel has been an outstanding company to work for. If you worked in the industry it was well known that Mattel had the most dedicated and properly trained employees, the tenure was unmatched in the industry and this was leveraged into decades of... — read more 

What's going on at Mattel?

Would somebody here please give me a succinct explanation of what's happening at Mattel right now? I've been through posts and replies here, but they scattered and unfocused I can't put together a complete picture. Can somebody help me out, please?... — read more 

Age Discrimination

Any age discrimination noted during this round of layoffs at Mattel?

A Solid Wardrobe

If cutting the workforce is like editing a wardrobe, then let’s think about it like this: Your best pieces of clothes are on the hangers, serving you well. You donated the rest. Fewer blazers, one classic white shirt, a handful of well made casual... — read more 

So far so good...

It really looks like yesterday was it, at least for the U.S. side. Hopefully it stays like this for the reminder of the day.

The sad cruel joke that is Mattel

Ever wonder how the boneheads who rule the roost manage to stay on in this company? or get massive going away golden parachutes for failing miserably at their jobs? Mgo? JB? BS? CS? The list goes on and on and yet even the lower level of overlords... — read more 

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| 1571 views | | 1 reply (July 25, 2018)
Post ID: @OP+UkZPndg

Severance?

Have there been any changes to severance or is it the same as before? I'm worried they'll try to save even more by offering less to laid off workers. Certainly wouldn't put it past them.

Wrong people gone once more

I'm really not sure for how long they can continue to do the same thing over and over again before consequences catch up to the company. We lost some of our best people in this round, and some of the most useless employees that are actual dead weight... — read more 

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| 1471 views | | 1 reply (July 25, 2018)
Post ID: @OP+UkiPszy

El Segundo hit hard today...

sounds like about 100-120 total... heard around 40 from the design side... lot of Admins - you know the people who actually do the work here... what is it going to take to start getting rid of the people who are leading this company to its... — read more 

Design and marketing

Design and marketing should be safe. The CEO is always talking about how product innovation and creativity are integral to his vision of the company's future state. What's he call it, a high performance toy company or something along those lines?... — read more 

My husband was cut this morning from EA!

Only there for 7 years not making big buck either. I think they just put names in a hat & pick.... was there early every day, never called in sick, went above & beyond his job. Do they ever look at that? No they get rid of the dedicated & keep the... — read more 

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| 1801 views | | 1 reply (July 25, 2018)
Post ID: @OP+Ujbc4xB

SBDC

Anything at SBDC?

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| 675 views | | no replies yet
Post ID: @OP+UjuQhmj

How big is this round?

From what I've pieced together from the posts, it looks like it's under 50 people. That's not as bad as I have feared. Although the day is far from over, so who knows how high that number might go before it's all done.

Nothing on my end yet

I see people posting about layoffs, but our department is the same as any other day. Does that mean we are spared or it simply didn't reach us yet?

Not looking forward to tomorrow

Not knowing what's going to happen tomorrow (well, today since it's nearly 3 a.m.) is really messing with my sleeping. Which means that in addition to being a nervous wreck due to expecting layoffs, I will have to function on maybe two hours of... — read more 

Payroll Tax Rate

Any tax or finance people here? At what payroll tax rate is severance taxed in California. I am interested in the Federal Tax Rate and State Tax rate for the severance payments we may be getting. I am in a financial bind and every penny will be... — read more 

Crystal Ball

There will be more layoffs before earnings and after. Mattel is in a downward spiral that is impossible to crawl out of. Only question is can they find a buyer before bankruptcy needs to be filed. Earnings will probably be a complete disaster just... — read more 

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Post ID: @OP+UiwG9gU

Mattel Departments

Do you know which Mattel departments will be hit in this round of the layoffs. Also, what positions will be impacted the most and what locations. I know we are all guessing but I am hoping that someone who might have more insight into what will... — read more 

FP hang on to your seats!

Show and Tell is set up for an all employee meeting and it's not for Thursdays town hall. Source is saying it will be 50+ ppl. Anyone hear anything else?

How bad will the results be?

So, how bad do you think second quarter results are going to be? And how soon after the announcement will we see more layoffs at Mattel, since that seems like the only thing they know how to do lately to try and placate shareholders? Imagine if they... — read more 

Hey NYC Peeps!

If there was one person who’s desk you could leave a hot steaming dump on before you made that final walk out the door, who’s desk would get your “care package”? Asking for a friend.

It’s the people that work here, the friendships we have, that sense of family, combined with our collective talents...that is what make this a g

No, this is not some HR bull crap, this is what it truly is like working for our company. I have worked for Mattel/FP for over thirty years and yes we have had a lot of misguided leadership, but what continues to make this company so great, is our... — read more 

Could we please get back to selling real toys?

We need to get back to selling Barbies that girls actually want to play with, not dolls we think will appeal to their feminist mothers. My own girls want a Barbie who is tall, thin and pretty. Does anyone seriously believe girls aspire to be fat... — read more 

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