Toys and EntertainmentUS
Hasbro Layoffs
December 2023
Hasbro announced a layoff affecting 1,100 employees (10% of its workforce) in December 2023. The company operates in the Toys and Entertainment sector.
People Affected
1,100
Percentage
10%
Announced Date
Dec 11, 2023
About
Hasbro is laying off 1,100 employees as part of a cost-cutting and restructuring effort, aiming to save $350 million to $400 million by 2025. The company is refocusing on licensing opportunities and scaling entertainment, despite strong performance from its Wizards of the Coast division, which includes Dungeons & Dragons and Magic the Gathering. This follows a previous layoff of 800 employees in January.
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