Hasbro Announces Layoffs, Cutting 1,100 Jobs Amid Toy Sales Slump
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…