Pretty sure that Hasbro’s problems run much deeper than state taxation. They lost over 10% of their business once Toys R Us went under and haven’t been able to make it up. You lose that much in sales and there’s no amount of state penalties or benefits that can stop layoffs.
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There you go...
What really became alarming over last several days is the news of layoffs and downsizing, says Grebien of Hasbro. He says the toy giant has told him they want to have continued talks with the city and state.