Friday, February 1, 2013

Hasbro Announces 10% Workforce Cut

From the Boston Globe:

Pawtucket, R.I.-based Hasbro, whose brands include Monopoly and Nerf, has about 5,500 employees worldwide. A 10 percent workforce cut would put about 550 people out of work.
While Hasbro said consumer demand was softer than it expected over the holidays, the season was expected to be tough. This was in part because retailers were ordering inventory more cautiously.
...
Spokesman Wayne Charness said that the job cuts will all be this year and will occur globally, with no particular business groups targeted.
He said that the facility consolidations could result in some closures but was not specific about which plants would be affected other than to say no closures were planned in Rhode Island or Massachusetts in 2013. Hasbro has offices in 40 countries worldwide.
So did WotC skip their annual Holiday Massacre layoffs just to have layoffs imposed from above?

6 comments:

Todd Rokely said...

Any word on specific cuts to WotC?

ravencrowking said...

There was a time, not so long ago, when companies retained good workers over bad times. Not only was this better for the company, but it was better for the economy overall. It was also considered the ethical thing to do.

Now, of course, they get rid of workers so that average CEO wages are not reduced from an average of 200 times what the workers were making.

This is another example of where Reagan-era deregulation screwed us all.

Joseph Bloch said...

Nothing specific, Todd: "the job cuts will all be this year and will occur globally, with no particular business groups targeted". No word from WotC that I've seen.

Joseph Bloch said...

Nonsense, ravencrowking. CEO wages weren't regulated during the magical time of the Carter administration. Take your ill-informed Reagan-bashing elsewhere.

Spawn of Endra said...

In unrelated news, 550 Kickstarter campaigns for new fantasy RPGs were just launched.

JB said...

@ Spawn:

*guffaw*
: )