Reported about 19 hours ago
Hasbro, the toy maker known for Monopoly, has announced a 3% reduction in its global workforce, translating to about 150 jobs, as part of a cost-cutting strategy in response to higher U.S. tariffs on toys imported from China. The company is working to diversify its sourcing to mitigate reliance on Chinese manufacturing amidst growing trade tensions. This follows previous job cuts and reflects broader efforts to restructure and adapt to changing market demands.
Source: YAHOO