hasbro

Etsy Announces Workforce Reduction of 225 Employees, CEO Cites ‘Unfortunate’ Timing

by

Etsy, the e-commerce platform specialising in handmade and vintage items, has confirmed the layoff of 225 employees due to what CEO Josh Silverman described as “essentially flat” sales. The staff received the disheartening news through a live stream on Wednesday, with Silverman acknowledging the less-than-ideal timing during the bustling holiday season. The e-commerce giant has … Read more

Hasbro slashing 900 jobs as high inflation takes bite out of toy sales

by

Hasbro said Monday it would cut another 900 jobs globally, nearly a year after the toymaker announced it would reduce 15% of its workforce amid weaker sales. Hasbro had said in January it would cut about 1,000 full-time positions. On Monday, the company said it had already cut 800 jobs. At the end of 2022, Hasbro had employed about 6,490 people … Read more