Mattel announced layoffs affecting 65 employees at its headquarters. These job cuts are effective May 22. The company is restructuring roles to optimize operations and realign its model. This follows lackluster 2025 economic performance and declining shares. Mattel is shifting focus toward digital games and entertainment partnerships.
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https://finance.yahoo.com/markets/stocks/articles/mattel-goes-another-round-layoffs-182323684.html