Hasbro To Cut 15% Of Workforce, Warns Q4 Results Hurt By “Challenging Holiday Consumer Environment”
deadline.comHasbro, which has been reeling from a series of economic and corporate shocks, plans to cut 15% of its global workforce this year, or about 1,000 positions.
In addition to those reductions, the company plans to unveil “a new organizational model, commercial alignment, and leadership changes” during its quarterly earnings call on February 16.
One preliminary exec move announced today was the departure of Eric Nyman as president and chief operating officer. The consumer products group Nyman used to oversee will now report directly to CEO Chris Cocks.
The toy maker and film and TV supplier elevated Cocks to CEO about a year ago following the death weeks earlier of Brian Goldner, who had steered the Rhode Island company to a more high-profile role in Hollywood.
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