Workflow
Toymaker Hasbro cuts 3% of its total workforce, WSJ reports

Toy seller Hasbro has cut 3% of its global workforce in its latest cost-cutting effort amid higher US tariffs on toys from China.The job cuts amount to about 150 employees. According to its fiscal 2024 annual filing, the company had roughly 4,985 employees globally.“We are aligning our structure with our long-term goals,” Hasbro spokesperson Abby Hodes told Reuters.Hasbro said around 150 employees would lose their jobs. APHasbro sources about half of its toys and games sold in the US from China. The toymake ...