• Hasbro to layoff 10% of its workforce worldwide

      Hasbro, a Pawtucket based toy company says it plans to cut 10 percent of its workforce worldwide and consolidate facilities in an effort to cut expenses.




      The toy maker, famous for Mr. Potato Head, Monopoly, and Nerf said that holiday sales failed to meet expectations.


      The company employees approximately 5,500 people globally and a 10% layoff would mean 550 individuals would lose their jobs. It is unclear how the layoffs will affect Rhode Island workers.


      Wayne Charness, Spokesperson for Hasbro, said the layoffs will take place over the next couple of months. He said the company is simply adjusting the business strategy in line "with certain markets that are declining." He said business is "fundamentally good," and that the company's "strategy is sound."


      The company recently had laid off 170 workers globally in March 2012.
      Buy the hottest collectibles from: BigBadToyStore.com and BriansToys.com.


      Comments 2 Comments
      1. bigbarada's Avatar
        bigbarada -
        Well, Hasbro, I've got a couple hundred bucks in my bank account that would have been yours if your product had actually made it out to the retail stores. Oh well, your loss.
      1. JediTricks's Avatar
        JediTricks -
        Quote Originally Posted by bigbarada View Post
        Well, Hasbro, I've got a couple hundred bucks in my bank account that would have been yours if your product had actually made it out to the retail stores. Oh well, your loss.
        Unfortunately, as SW fans it's our loss too as it negatively affects the future of the line. Once again, Episode I damages Hasbro.
    • Recent Forum Posts

      Bel-Cam Jos

      Power Play! NHL 13-14 (and beyond?)

      Every game in the Penguins/Caps series has been a one-goal difference; and Pittsburgh got three of them!

      Bel-Cam Jos 7 Hours Ago Go to last post
      Bel-Cam Jos

      MLB 2016 - starting with winter trades!

      Congratulations to the 2016 MLB Champions: the Chicago Cubs.

      Man, that's 20 runs given up by the Buccs at home to them, and spoiler alert,

      Bel-Cam Jos 7 Hours Ago Go to last post
      Bel-Cam Jos

      New Hallmark Ornaments for sale on Saturday

      I hear each will come with a Tatooine Luke.

      Bel-Cam Jos 7 Hours Ago Go to last post
      Bel-Cam Jos

      Oh My Goodness!!

      Costco is back to being the cheapest here, which is sad at $2.53 per.

      Bel-Cam Jos 7 Hours Ago Go to last post
      Bel-Cam Jos

      What's everyone having for lunch today?

      Could have had pizza today, if I knew it was being delivered to the school for Teacher Appreciation Day. So, instead: lunch meat sandwich, banana,

      Bel-Cam Jos 7 Hours Ago Go to last post
      bigbarada

      The Force Awakens products to hit September 4

      Most stores in my area seem to have been inundated with the initial waves of the 5POA line and the Armor-Up figures. The only new stuff I've seen has

      bigbarada 11 Hours Ago Go to last post
      Snowtrooper

      Fan made replicas and helmets

      Amusing! I don't think I'd trust Conan with anything valuable either.

      Snowtrooper 13 Hours Ago Go to last post
      Maradona

      SW Celebration 2017

      Sadly, I will not be making it out to Florida for this event. Hopefully, Celebration return to the West Coast next time.

      Maradona 14 Hours Ago Go to last post
      OC47151

      The "other" SW canonical fiction Thread

      Reading the third Darth Bane book right now. Enjoying it.

      Picked up Bloodlines today since it is SW Day. Sounds like it will be an interesting

      OC47151 16 Hours Ago Go to last post
      OC47151

      Free Comic Book Day

      It sucks that there's no SW comic this year. I'll still go to the comic shop just to check things out.

      OC47151 16 Hours Ago Go to last post
    Single Sign On provided by vBSSO