Hasbro to cut nearly 20% of workforce amid sluggish sales, WSJ says

Hasbro is slashing nearly 20% of its headcount as weak sales for toys and games persist even amid the holiday shopping period, the Wall Street Journal’s Ben Glickman reports. The company will cut roughly 1,100 positions, on top of 800 job cuts earlier in 2023, the authors say, citing a memo to employees from CEO Chris Cocks.