Hasbro to Cut 15% of Workforce After Disappointing Holiday Sales – Bloomberg

For over 60 years, Meet the Press has featured headline-making interviews with world-leaders and newsmakers.
Writer, musician and collaborator Terius Gesteelde-Diamant, better known as The-Dream, takes us on a journey from his days a trumpet player in a high school band to winning Grammy awards with the likes of Rihanna and Beyoncé. In this week’s episode, hear how The-Dream started working with some of the biggest artists in music, decided to go independent as a musician, and jumped into the fashion world by enrolling in the Savannah College of Art & Design.
Lima Records Death After Congress Refuses to Expedite Elections
Bed Bath & Beyond Customers Confront Empty Shelves Ahead of Looming Bankruptcy
Powell’s Narrow Path Would Avoid Routes Taken by Burns, Volcker
UK Wage Inflation Points to Another Big Rate Hike This Week
Marcos Approves Philippine Tax Refund Plan for Foreign Tourists
Bitfinex Expects El Salvador Volcano Token Issuance This Year
UK Airline Flybe Says Put Under Administration, Ceased Trading
FOMO-Fueled Tech Rally Steamrolls Over Pile of Earnings Warnings
Austrian Ruling Party Loses Ground in Key Regional Election
McCarthy Says He’ll Meet Biden on Debt Ceiling Feb. 1
Pension Funds in Historic Surplus Eye $1 Trillion of Bond-Buying
Blackstone Is Coming Up Short in Its Push for a Record $30 Billion Buyout Fund
‘Keep No Traces:’ Guidebook to Secret Billions Exposed in Ruling
Novak Djokovic Wins Australian Open to Equal Men’s Majors Record
What Should You Think About ChatGPT? Ask Some Humans
What Biden Needs Most Right Now: More Technocrats
It’s Still Worth Funding a Better Covid Vaccine
After 30 Years, the King of ETFs Faces a Fight for Its Crown
Even $370 Billion in US Incentives Won’t Solve All of Solar’s Struggles
A Bet on a Busted Airline Is Poised for a $100 Million Payoff
Bodycam Footage of Tyre Nichols Beating Draws Horror, Condemnation
Biden Says Nichols Video Left Him ‘Outraged and Deeply Pained’
Biden’s IRA Has $46 Billion Manager in London Reviewing Options
UK’s Power Switch-Off Shows Future for Cleaner Energy Grid
Old and New Timber Construction Meet in a Brooklyn Warehouse
A Billionaire’s Luxury Development Fuels Fight Over Texas Hill Country
An Iowa Town’s $60 Million Plan to Span the Broadband Gap
Sam Bankman-Fried Denies US Witness Tampering Claim
This Week in Crypto: Binance Mishandles Collateral, More Crypto Layoffs (Podcast)
Bitcoin Declines as Risk Correlation Eases After Recent Rally
Kelly Gilblom and
Thomas Buckley
Subscriber Benefit
Hasbro Inc., one of the world’s largest toymakers, said it would cut 15% of its workforce, or about 1,000 jobs, after a disappointing holiday shopping season.
The Pawtucket, Rhode Island-based company also projected it would fall short of fourth-quarter adjusted profit estimates, making $1.29 to $1.31 a share compared to the $1.49 analysts were expecting. Sales for the fourth quarter are expected to be down 17% to $1.68 billion. The cuts will begin in the next few weeks, Hasbro said in a statement Thursday.



Learn More →

Leave a Reply

Your email address will not be published. Required fields are marked *