Hasbro to Cut 15% of Its Workforce, Toy and Entertainment Company Says Reduction Expected to Begin in Coming Weeks, Affecting Around 1,000 Jobs

Written by Bruno Teles

Published on 27/01/2023 at 15:05

Updated on 27/01/2023 at 18:22

Hasbro (Foto/divulgação)

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The toy company, Hasbro, made an announcement this Thursday (26) that it will lay off about 15% of its workforce this year.

Immediately following this announcement, preliminary corporate balance sheet data related to the fourth quarter of 2022 was released. Hasbro stated that the global reduction is expected to begin in the coming weeks and that approximately 1,000 positions may be affected.

The president and chief operating officer Eric Nyman will also leave the company as part of this transition. Recently, the company released preliminary results for the quarters ending in December, which indicated a 17% decline in revenue, approximately US$ 1.68 billion compared to the previous year.

The adjusted earnings per share are expected to be between US$ 1.29 and US$ 1.92 billion in revenue, with adjusted earnings per share up to US$ 1.52.

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Hasbro to Cut 15% of Its Workforce, Toy and Entertainment Company Says Reduction Expected to Begin in Coming Weeks, Affecting Around 1,000 Jobs

The toy company, Hasbro, made an announcement this Thursday (26) that it will lay off about 15% of its workforce this year.

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Hasbro to Cut 15% of Its Workforce, Toy and Entertainment Company Says Reduction Expected to Begin in Coming Weeks, Affecting Around 1,000 Jobs

The toy company, Hasbro, made an announcement this Thursday (26) that it will lay off about 15% of its workforce this year.

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

While cities spend fortunes patching potholes and tons of plastic become waste, the Netherlands transforms over 218,000 recycled cups into a modular bike path that can conceal drainage, cables, and pipes.

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

While a traditional school may take several days just to raise walls, in Malawi a 3D-printed school had its structure ready in 18 hours, welcomed children in June, and showed a new solution to the lack of classrooms.

Shopee chooses Londrina to open a 100,000 m² megacenter in Paraná, in a project that promises to generate 2,000 direct jobs and transform the city into a strategic point for deliveries in the South, São Paulo, and Mato Grosso do Sul.

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