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Hasbro Eliminating Close to 20 Percent of Workforce as Biden Economy Hammers Toy Sales
Breitbart ^
| 12/12/2023
| DAVID NG
Posted on 12/12/2023 8:42:17 AM PST by ChicagoConservative27
Christmas is supposed to be the most wonderful time of year for toy manufacturers. But in Joe Biden’s economy, toy sales are suffering thanks to runaway inflation and other pressures, forcing one of the world’s largest toymakers to deliver lumps of coal to employees just ahead of December 25.
Hasbro said this week that it is eliminating a whopping 1,100 jobs, or close to 20 percent of its workforce. The stunning announcement is on top of the 800 jobs the company slashed earlier this year.
CEO Chris Cocks delivered the bad news in an employee memo filed with the SEC.
Some Hasbro employees will find out if they are goners this week, while others will learn over the course of the next six months, Cocks said in the memo.
(Excerpt) Read more at breitbart.com ...
TOPICS: Business/Economy; Culture/Society; News/Current Events; Your Opinion/Questions
KEYWORDS: biden; eliminating; hasbro; jobs; labor; toys; workforce
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But joe diapers says everything if fine..
To: ChicagoConservative27
2
posted on
12/12/2023 8:44:22 AM PST
by
Grampa Dave
( Any one, who can make you believe in absurdities, can make you commit atrocities!!" ~ (Voltaire)!, )
To: ChicagoConservative27
3
posted on
12/12/2023 8:45:04 AM PST
by
logi_cal869
(-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
To: ChicagoConservative27
Hasbro?
That’s what they get for having a Monopoly..................
4
posted on
12/12/2023 8:45:42 AM PST
by
Red Badger
(Homeless veterans camp in the streets while l aliens are put up in hotels.....................)
To: Red Badger
5
posted on
12/12/2023 8:46:15 AM PST
by
Jane Long
(What we were told was a conspiracy theory in ‘20 is now fact. Land of the sheep, home of the knaves)
To: ChicagoConservative27
Mattel made ARs. Maybe Hasbro should do the same.
6
posted on
12/12/2023 8:47:36 AM PST
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: ChicagoConservative27
The Barbie movie was the death knell.
7
posted on
12/12/2023 8:47:55 AM PST
by
ChronicMA
(would label it)
To: ChicagoConservative27
Gruesome Newsom’s dumbass idea that all toys should be gender free is going to put a nail in the coffin of the toy companies.
8
posted on
12/12/2023 8:50:41 AM PST
by
FlingWingFlyer
(The damage Biden and his freak show is doing to America is not reversable.)
To: ChicagoConservative27
9
posted on
12/12/2023 8:51:18 AM PST
by
Magnum44
(...against all enemies, foreign and domestic... )
To: ChicagoConservative27
They're changing their name due to Bidenomics.
From Hasbro to Hasbeen...
To: ChicagoConservative27
It’s amazing that a toy making company, especially one this big, is laying off a fifth of its workforce less than two weeks before Christmas Day. I guess quite a few Tiny Tims are not even getting coal in their stockings since Biden is trying to shut down the coal mines, also.
But since they have enough to just leave around, I guess Tim can have cocaine instead. It’s good enough for Hunter.
wy69
11
posted on
12/12/2023 8:52:12 AM PST
by
whitney69
(yption tunnels)
To: ChicagoConservative27
CEO Chris Cocks delivered the bad newsSo Chris Cocks sells toys to kids?
12
posted on
12/12/2023 8:52:18 AM PST
by
JonPreston
( ✌ ☮️ )
To: whitney69
Wonder how Mainway, Inc. is doing this year?
13
posted on
12/12/2023 8:53:07 AM PST
by
dfwgator
(Endut! Hoch Hech!)
To: ChicagoConservative27
Democrats haven’t banned toys yef?
14
posted on
12/12/2023 8:57:23 AM PST
by
Bonemaker
(invictus maneo)
To: ChicagoConservative27
Shockingly,the Jimmy the Tranny Elf line of merch failed
15
posted on
12/12/2023 9:02:20 AM PST
by
alstewartfan
("She looks like she's 19 years old, sitting there , a lady with her legs crossed." Creepy Joe)
To: ChicagoConservative27
On the Hasbro drawing board?
.
16
posted on
12/12/2023 9:02:25 AM PST
by
Jeff Chandler
(THE ISSUE IS NEVER THE ISSUE. THE REVOLUTION IS THE ISSUE.)
To: Red Badger
That's what they get for having a Monopoly.................. Cool joke.
Except it really isn't.
Everything is owned by Hasbro.
I was watching a documentary on board games (yes, I have no life) and the phrase "now owned by Hasbro" was said so often that Youngest Daughter began counting how many times it was said.
17
posted on
12/12/2023 9:04:11 AM PST
by
Harmless Teddy Bear
( In a quaint alleyway, they graciously signaled for a vehicle on the main road to lead the way. )
To: politicket
The spanking new Hasbeen corporation is selling Creepy Joe dolls at a discount today. If you wait until tomorrow, you will save even more cash!
18
posted on
12/12/2023 9:05:24 AM PST
by
alstewartfan
("She looks like she's 19 years old, sitting there , a lady with her legs crossed." Creepy Joe)
To: ChicagoConservative27
This layoff is offset by the billion thousand trillion hundred jobs Biden has created.
19
posted on
12/12/2023 9:06:04 AM PST
by
Right Brother
(Pray for God's intervention to stop UMCRevMom's invasion of Free Republic)
To: Harmless Teddy Bear
That’s LIFE..................
20
posted on
12/12/2023 9:06:18 AM PST
by
Red Badger
(Homeless veterans camp in the streets while l aliens are put up in hotels.....................)
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