WSJ News Exclusive | Hasbro Cutting 1,100 Jobs After Sluggish Toy Sales Persist Into Holidays

Hasbro is cutting nearly 20% of its workforce as weak sales for toys and games persist into the critical holiday shopping period. 

The maker of Transformers action figures, the Dungeons & Dragons fantasy game and Monopoly will cut about 1,100 jobs, on top of 800 layoffs earlier this year, Chief Executive Chris Cocks said Monday in a memo to employees viewed by The Wall Street Journal. Hasbro reported having about 6,500 employees as of the end of 2022.