Toymaker Hasbro laying off 1,000 to cut costs

Quick Summary:

PAWTUCKET, Rhode Island: Toymaker Hasbro said on Thursday (Jan 26) that it is cutting about 1,000 jobs as part of moves announced last year to save up to US$300 million annually by 2025.

Its stock fell about 7 per cent in extended trading after the layoffs were announced.

Hasbro is due to report fourth-quarter and full-year results in mid-February.

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Category: EconomyBusiness

Markets: Singapore

Topics: Toymaker Year Layoffs Announced Rhode Hasbro Company Last Mediacorp Thursday Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-27 @ 08:05:00 (1 months ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 323 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 4840797

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

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Publisher ID: #27

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