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The problem with a Co like Disney going woke is that they won't just take themselves down. Hasbro makes toys for Star Wars and Marvel as well as other Disney IP. They were forced to make Magic The Gathering and D&D games woke... now over 20% of the workforce is out of a job right here at Christmas time.
https://www.cnn.com/2023/12/11/busi...roughly 800 jobs eliminated earlier this year.
Hasbro is slashing nearly 20% of its workforce amid an ongoing slump in toy sales.
Hasbro CEO Chris Cocks announced layoffs for 1,100 workers in a Monday memo to employees, cuts which come in addition to the roughly 800 jobs eliminated earlier this year.
Cocks said the decision to reduce Hasbro’s workforce was made in light of market headwinds proving to be “stronger and more persistent than planned.”
“We anticipated the first three quarters to be challenging, particularly in toys, where the market is coming off historic, pandemic-driven highs,” Cocks said. “While we have made some important progress across our organization, the headwinds we saw through the first nine months of the year have continued into Holiday and are likely to persist into 2024.”
https://www.cnn.com/2023/12/11/busi...roughly 800 jobs eliminated earlier this year.
Hasbro is slashing nearly 20% of its workforce amid an ongoing slump in toy sales.
Hasbro CEO Chris Cocks announced layoffs for 1,100 workers in a Monday memo to employees, cuts which come in addition to the roughly 800 jobs eliminated earlier this year.
Cocks said the decision to reduce Hasbro’s workforce was made in light of market headwinds proving to be “stronger and more persistent than planned.”
“We anticipated the first three quarters to be challenging, particularly in toys, where the market is coming off historic, pandemic-driven highs,” Cocks said. “While we have made some important progress across our organization, the headwinds we saw through the first nine months of the year have continued into Holiday and are likely to persist into 2024.”