Monopoly maker Hasbro lays off 3% of workforce |
Hasbro, the toy seller and maker of Monopoly, has laid off 3% of its global workforce, or about 150 employees, in an attempt to cut costs amid higher US. tariffs on toys from China. "We are aligning our structure with our long-term goals," Hasbro spokesperson Abby Hodes said. The toymaker sources about half of its toys and games sold in the US from China, and has been accelerating efforts to diversify sourcing. According to the company's fiscal 2024 annual filing, it had roughly 4,985 employees globally. |
|