Global branded entertainment leader Hasbro announced a 15 percent reduction in its workforce as well as the exit of its chief operating officer while projecting weaker revenues for the fourth quarter.
In October 2022, Rhode Island-headquartered Hasbro announced that it would deliver $250–300 million in annualized run-rate cost savings by the end of 2025. In accordance with the goal, the company is implementing “organizational changes” that will see roughly 1,000 job positions cut from its global workforce getting this year, Hasbro said in a press release on Jan. 26.
