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Updated Dec. 11, 2023 5:23 pm ET
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.
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