The layoffs will affect 15 percent of Hasbro’s workforce as it wants to “return our business to a competitive, industry-leading position.”
Despite admitting the company had “strong growth” across Wizards of the Coast, Digital Gaming, Hasbro Pulse, and its licensing business, Hasbro has announced that it will be laying off 15 percent of its workforce in an effort to cut down on costs and “return our business to a competitive, industry-leading position.” Up to 1,000 workers will be affected by these layoffs, which have apparently been caused by Hasbro’s Consumer Products business underperforming over the holiday period.