Monopoly maker Hasbro announces 1,100 job cuts, nearly 20% of workforce
Dec 12, 2023
By Karah Rucker (Anchor/Reporter), Brock Koller (Senior Producer), Alex Peebles (Producer), Ian Kennedy (Video Editor)
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Center 65%
Right 13%
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Toymaker Hasbro lays off 1,100 staff as holiday season fails to lift sales
Click to see story on The Guardian
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Associated Press News
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on abc News
Hasbro laying off 1,100 employees
Click to see story on CNN
Hasbro to lay off 1,100 employees, or 20% of its workforce, amid lackluster toy sales
Click to see story on CBS News
Hasbro Is Cutting About 1,100 Jobs, Citing Weak Holiday Sales
Click to see story on Bloomberg
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Coast Reporter
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Sask Today
Spielwarenbranche: Spielwaren-Firma Hasbro streicht mehr als 1.000 Stellen
Click to see story on Zeit Online
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Flin Flon Reminder
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Rocky Mountain Outlook
Hasbro Plans to Cut 1,100 Additional Jobs
Click to see story on The Hollywood Reporter
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Orlando Sentinel
Click to close
US toy giant Hasbro making more job cuts
Click to see story on BBC News
Hasbro to lay off 900 more employees amid weak toy sales
Click to see story on Reuters
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on KRDO
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on KIFI
Hasbro laying off 1,100 workers as weak toy sales persist into holiday season
Click to see story on CNBC
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on KVIA
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Winnipeg Free Press
Hasbro Laying Off Over 1,000 As CEO Calls Market Headwinds “Stronger And More Persistent Than Planned”
Click to see story on Deadline
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Pioneer Press
Hasbro to lay off 900 more employees amid weak toy sales
Click to see story on Live Mint
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on WPLG
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on WKMG
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Click on Detroit
Hasbro anuncia el despido de 1.100 empleados
Click to see story on Washington Top News
Hasbro to cut 1,100 jobs despite Dungeons & Dragons thriving
Click to see story on TechCrunch
2023 Layoff Tracker: Hasbro Cuts 1,100 Employees
Click to see story on Forbes
Hasbro to lay off more workers amid toy sales slump
Click to see story on MarketWatch
WSJ News Exclusive | Hasbro Cutting 1,100 Jobs After Sluggish Toy Sales Persist Into Holidays
Click to see story on Wall Street Journal
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on KOB 4
Hasbro to lay off more employees amid weak toy sales
Click to see story on WTVB
Transformers maker Hasbro slashes 1,100 jobs ahead of holiday season as its low sales streak proves ‘more persistent than planned’
Click to see story on Fortune
Hasbro announces 1,100 more layoffs
Click to see story on WPRI 12
Proizvajalec igrač Hasbro bo ukinil še okoli 1100 delovnih mest
Click to see story on 24ur.com
Hasbro cuts 1,100 jobs, or 20% of its workforce
Click to see story on NY1
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on CP24
Hasbro to close Providence office, layoff 1,100 people in the next year. What comes next.
Click to see story on Providence Journal
Toy maker Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on The Columbian
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on The Sun (Lowell)
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Daily Freeman
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on The Virginian Pilot
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on The Delaware County Daily Times
Hasbro Stock Sinks as Weak Sales Lead to New Job Cuts
Click to see story on Barron's
Hasbro eliminates 1,100 jobs
Click to see story on The Washington Hispanic
Hasbro to Eliminate 1,100 Jobs As Toy Sales Drop During Holiday Season
Click to see story on The Messenger
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on The Reporter
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on The Pottstown Mercury
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Daily Local News
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Sentinel and Enterprise
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on The Times Herald
Click to close
Hasbro’s Christmas blow to staff as toymaker AXES 1,100 staff amid festive slump
Click to see story on Daily Express
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on National Post
Toymaker Hasbro lays off 1,100 staff amid weak holiday sales
Click to see story on The Straits Times
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Boston Herald
Hasbro to cut 900 jobs as it seeks to cut expenses
Click to see story on Seeking Alpha
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Daily Press
Click to close
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Untracked Bias
Hasbro toy maker cuts 1,100 jobs
Click to see story on Het Nieuwsblad
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on My Mother Lode
Spielzeug-Riese Hasbro streicht fast 20 Prozent der Stellen
Click to see story on watson.ch/
Hasbro cutting 1,100 jobs amid ongoing slowdown in toy sales
Click to see story on NXST
Hasbro anuncia el despido de 1.100 empleados
Click to see story on pantheonsite.io
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Nashoba Valley Voice
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business – The Morning Sun
Click to see story on communityq.com
Hasbro Lays Off 1,100 Workers After Holiday Season Fails
Click to see story on CTN News l Chiang Rai Times
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68 other sources covering this story
Total News Sources
68
Leaning Left
13
Center
39
Leaning Right
8
Last Updated
5 months ago
The toy company Hasbro has announced it will be laying off nearly 20% of its workforce, a sign of the current sluggish state of toy sales, even during the holiday season. Hasbro, the Rhode Island-based company behind Monopoly, Play-Doh, and Transformers, announced on Monday, Dec. 11, that it will cut about 1,100 jobs; this is on top of 800 layoffs earlier this year.
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Hasbro CEO Chris Cocks said in a statement that the decision, which has come just weeks before Christmas, was made as “a last resort.” Cocks added that he understands that wind of this news comes at a difficult time during the holidays.
“We anticipated the first three quarters to be challenging, particularly in toys, where the market is coming off historic, pandemic-driven highs,” Cocks wrote. “While we have made some important progress across our organization, the headwinds we saw through the first nine months of the year have continued into holiday and are likely to persist into 2024.”
The latest cuts are expected to be completed within 18 to 24 months. Hasbro said the layoffs were necessary as the company tries to rebound from a slowdown in sales following historic highs during pandemic lockdowns. Research firm Circana said U.S. toy sales were down 8% through September.
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In his email to employees, Cocks added that anyone affected by the layoffs, the company is offering comprehensive packages including job placement supoport.
“Let’s support each other, and lean in to drive through these necessary changes, so we can return our business to growth and carry out Hasbro’s mission,” Cocks wrote.
TOY COMPANY HASBRO HAS ANNOUNCED IT WILL BE LAYING OFF NEARLY TWENTY PERCENT OF ITS WORKFORCE – IN A SIGN OF THE CURRENT SLUGGISH STATE OF TOY SALES –
EVEN DURING THE HOLIDAY SEASON.
THE RHODE-ISLAND BASED COMPANY BEHIND MONOPOLY, PLAY-DOH AND TRANSFORMERS – ANNOUNCED MONDAY – IT WILL CUT ABOUT ELEVEN HUNDRED JOBS – THIS IS ON TOP OF THE 800 LAYOFFS EARLIER THIS YEAR.
THE LATEST CUTS ARE EXPECTED TO BE COMPLETED WITHIN THE NEXT 18 TO 24 MONTHS.
HASBRO SAID THE LAYOFFS WERE NECESSARY AS THE COMPANY TRIES TO REBOUND FROM A SLOWDOWN IN SALES FOLLOWING HISTORIC HIGHS DURING PANDEMIC LOCKDOWNS.
ACCORDING TO RESEARCH FIRM CIRCANA (SIR-CAH-NA) – U.S. TOY SALES THIS YEAR WERE DOWN EIGHT PERCENT THROUGH SEPTEMBER.
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Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below.
Learn more about this dataLeft 22%
Center 65%
Right 13%
Bias Distribution
Far
Left
+0
Click to close
Left
+0
Click to close
Toymaker Hasbro lays off 1,100 staff as holiday season fails to lift sales
Click to see story on The Guardian
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Associated Press News
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on abc News
Hasbro laying off 1,100 employees
Click to see story on CNN
Hasbro to lay off 1,100 employees, or 20% of its workforce, amid lackluster toy sales
Click to see story on CBS News
Hasbro Is Cutting About 1,100 Jobs, Citing Weak Holiday Sales
Click to see story on Bloomberg
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Coast Reporter
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Sask Today
Spielwarenbranche: Spielwaren-Firma Hasbro streicht mehr als 1.000 Stellen
Click to see story on Zeit Online
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Flin Flon Reminder
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Rocky Mountain Outlook
Hasbro Plans to Cut 1,100 Additional Jobs
Click to see story on The Hollywood Reporter
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Orlando Sentinel
Click to close
US toy giant Hasbro making more job cuts
Click to see story on BBC News
Hasbro to lay off 900 more employees amid weak toy sales
Click to see story on Reuters
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on KRDO
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on KIFI
Hasbro laying off 1,100 workers as weak toy sales persist into holiday season
Click to see story on CNBC
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on KVIA
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Winnipeg Free Press
Hasbro Laying Off Over 1,000 As CEO Calls Market Headwinds “Stronger And More Persistent Than Planned”
Click to see story on Deadline
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Pioneer Press
Hasbro to lay off 900 more employees amid weak toy sales
Click to see story on Live Mint
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on WPLG
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on WKMG
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Click on Detroit
Hasbro anuncia el despido de 1.100 empleados
Click to see story on Washington Top News
Hasbro to cut 1,100 jobs despite Dungeons & Dragons thriving
Click to see story on TechCrunch
2023 Layoff Tracker: Hasbro Cuts 1,100 Employees
Click to see story on Forbes
Hasbro to lay off more workers amid toy sales slump
Click to see story on MarketWatch
WSJ News Exclusive | Hasbro Cutting 1,100 Jobs After Sluggish Toy Sales Persist Into Holidays
Click to see story on Wall Street Journal
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on KOB 4
Hasbro to lay off more employees amid weak toy sales
Click to see story on WTVB
Transformers maker Hasbro slashes 1,100 jobs ahead of holiday season as its low sales streak proves ‘more persistent than planned’
Click to see story on Fortune
Hasbro announces 1,100 more layoffs
Click to see story on WPRI 12
Proizvajalec igrač Hasbro bo ukinil še okoli 1100 delovnih mest
Click to see story on 24ur.com
Hasbro cuts 1,100 jobs, or 20% of its workforce
Click to see story on NY1
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on CP24
Hasbro to close Providence office, layoff 1,100 people in the next year. What comes next.
Click to see story on Providence Journal
Toy maker Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on The Columbian
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on The Sun (Lowell)
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Daily Freeman
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on The Virginian Pilot
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on The Delaware County Daily Times
Hasbro Stock Sinks as Weak Sales Lead to New Job Cuts
Click to see story on Barron's
Hasbro eliminates 1,100 jobs
Click to see story on The Washington Hispanic
Hasbro to Eliminate 1,100 Jobs As Toy Sales Drop During Holiday Season
Click to see story on The Messenger
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on The Reporter
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on The Pottstown Mercury
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Daily Local News
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Sentinel and Enterprise
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on The Times Herald
Click to close
Hasbro’s Christmas blow to staff as toymaker AXES 1,100 staff amid festive slump
Click to see story on Daily Express
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on National Post
Toymaker Hasbro lays off 1,100 staff amid weak holiday sales
Click to see story on The Straits Times
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Boston Herald
Hasbro to cut 900 jobs as it seeks to cut expenses
Click to see story on Seeking Alpha
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Daily Press
Click to close
Far
Right
+0
Click to close
Untracked Bias
Hasbro toy maker cuts 1,100 jobs
Click to see story on Het Nieuwsblad
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on My Mother Lode
Spielzeug-Riese Hasbro streicht fast 20 Prozent der Stellen
Click to see story on watson.ch/
Hasbro cutting 1,100 jobs amid ongoing slowdown in toy sales
Click to see story on NXST
Hasbro anuncia el despido de 1.100 empleados
Click to see story on pantheonsite.io
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
Click to see story on Nashoba Valley Voice
Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business – The Morning Sun
Click to see story on communityq.com
Hasbro Lays Off 1,100 Workers After Holiday Season Fails
Click to see story on CTN News l Chiang Rai Times
Click to close
68 other sources covering this story
Total News Sources
68
Leaning Left
13
Center
39
Leaning Right
8
Last Updated
5 months ago
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