Hasbro

Toy prices in the U.S. could begin climbing as early as August due to rising tariffs on imported goods, Hasbro CEO Chris Cocks has warned. Speaking on CNN’s The Assignment podcast, Cocks pointed to newly imposed and anticipated tariffs on goods from China and Vietnam – two of Hasbro’s key production hubs – as a…

In response to a persistent decline in toy sales, Hasbro is set to lay off approximately 1,100 employees, representing nearly 20% of its workforce, according to a memo issued by Hasbro CEO Chris Cocks on Monday. This latest round of job cuts follows the elimination of around 800 positions earlier this year. Cocks attributed the…