• Hasbro Confirms Layoffs - Up to 10% of Workforce in Wake of Toys R' Us Closing


    The "difficult changes" from a few days ago have been revealed. The Toys R' Us closures have had a pretty big impact on Hasbro's bottom line. Fortune reports that 10% of it's global workforce will be let go. While they did not specifically call out Toy's R' Us for the layoffs, they did note that revenue has dropped a whopping 12% in the previous quarter because of it.

    Hasbro is not alone though, as Mattel noted back in July that the TRU closing would cost them 2,200 jobs.

    Thanks to Trixie for the heads up.

    For archival purposes, you can find the IntenseDebate comments for this post (if any) archived over here