Hasbro confirms Difficult Changes ahead amid Reports of Layoffs

Word of a looming layoff at Hasbro has been spreading across the internet like wildfire, with initial reports sharing the following verbiage from Hasbro, Inc. –

“As part of Hasbro’s ongoing transformation we continue to make meaningful organizational changes. While some of these changes are difficult, we must ensure we have the right teams in place with the right capabilities to lead the company into the future,” said Senior Vice President Julie Duffy.

“We continue to add new capabilities based on our understanding of the consumer and how our retailers are going to market, while evolving the way we organize our business across our Brand Blueprint,” said Duffy. “The organizational changes we’re making will impact a single digit percentage of our global workforce.”

Those in the “Toy Game” have noticed that the winds of change have been blowing for a bit now, so needless to say, this is not good news for our friends that work at Hasbro. With 3rd quarter earnings expected to drop at the start of next week, we’ll have to wait and see how this all pans out.