11, Hasbro CEO
Chris Cocks revealed that the company will be letting
go of close to 20% of its workforce, CNN reports.
.
The announcement comes
after 800 jobs were already
eliminated earlier in 2023.
According to Cocks, the decision to further reduce the
company's workforce is due to market headwinds
being "stronger and more persistent than planned.".
We anticipated the first three
quarters to be challenging,
particularly in toys, where the
market is coming off historic,
pandemic-driven highs, Hasbro CEO Chris Cocks, via memo.
While we have made some important
progress across our organization,
the headwinds we saw through the first
nine months of the year have continued
into Holiday and are likely to persist into 2024, Hasbro CEO Chris Cocks, via memo.
Some employees will be let go this week,
while the rest of the layoffs will occur
"over the next six months," CNN reports.
.
Other cost-cutting measures that Hasbro previously
announced include selling its film and TV business,
eOne, to Lionsgate for $500 million.
Other cost-cutting measures that Hasbro previously
announced include selling its film and TV business,
eOne, to Lionsgate for $500 million.
The toy company will also reduce its office footprint
by exiting Providence, RI, by the beginning of 2025.
Hasbro is known for toys such as Transformers, 'Magic: The Gathering,'
Play-Doh, 'Dungeons & Dragons' and more.
Hasbro is known for toys such as Transformers, 'Magic: The Gathering,'
Play-Doh, 'Dungeons & Dragons' and more.
Hasbro is known for toys such as Transformers, 'Magic: The Gathering,'
Play-Doh, 'Dungeons & Dragons' and more.
Hasbro is known for toys such as Transformers, 'Magic: The Gathering,'
Play-Doh, 'Dungeons & Dragons' and more.
It had 6,300 employees before
more layoffs were announced.
Margot Robbie , Following Success of 'Barbie' , With 'Monopoly' Movie.
NBC reports that Margot Robbie will soon bring
the iconic game 'Monopoly' to the big-screen. .
NBC reports that Margot Robbie will soon bring
the iconic game 'Monopoly' to the big-screen. .
Her company, LuckChap, is producing a live-action film
based on the iconic real estate-focused board game
along with the game's owner, Hasbro Entertainment.
Her company, LuckChap, is producing a live-action film
based on the iconic real estate-focused board game
along with the game's owner, Hasbro Entertainment.
The game is available in over 100 countries
and has sold almost half-a-billion copies
since its release in 1935.
LuckyChap attained blockbuster success with
'Barbie,' which became the highest-grossing
movie of 2023, raking in $1.4 billion globally.
I could not imagine a better production
team for this beloved and iconic brand
than LuckyChap. They are exceptional
producers who choose their projects
with great thought and care, and join
Monopoly with a clear point of view. , Adam Fogelson, Lionsgate Motion Picture Group chair, via NBC.
We are tremendously excited
to be working with the entire
LuckyChap team on what we all
believe can be their next blockbuster, Adam Fogelson, Lionsgate Motion Picture Group chair, via NBC.
Both LuckyChap and Hasbro
released statements expressing their
excitement for the upcoming project.
Monopoly is a top property —
pun fully intended. Like all of the
best IP, this game has resonated
worldwide for generations, and we
are so excited to bring this game to
life alongside the wonderful teams
involved at Lionsgate and Hasbro, LuckyChap statement, via NBC.
Monopoly is a top property —
pun fully intended. Like all of the
best IP, this game has resonated
worldwide for generations, and we
are so excited to bring this game to
life alongside the wonderful teams
involved at Lionsgate and Hasbro, LuckyChap statement, via NBC.
As one of the most iconic games
in the world, Monopoly provides
an incredible platform for
storytelling opportunities, Zev Foreman, Hasbro Entertainment’s head of film, via NBC.
NBC reports that it remains unclear how the
filmmakers will weave a narrative around
the two-dimensional world of the board game. .
NBC reports that it remains unclear how the
filmmakers will weave a narrative around
the two-dimensional world of the board game.
Credit: Wibbitz Top Stories Duration: 01:31Published
Tesla to Lay Off , Over 10% of Global Workforce.
In a memo obtained by Electrek, CEO
Elon Musk announced that at least 14,000 roles will be cut, 'The Guardian' reports. .
In a memo obtained by Electrek, CEO
Elon Musk announced that at least 14,000 roles will be cut, 'The Guardian' reports. .
Musk attributed some of the layoffs to
the fact that there had "been duplication
of roles and job functions in certain areas" amid periods of rapid growth.
Musk attributed some of the layoffs to
the fact that there had "been duplication
of roles and job functions in certain areas" amid periods of rapid growth.
As we prepare the company for our
next phase of growth, it is extremely
important to look at every aspect of
the company for cost reductions
and increasing productivity, Elon Musk, via internal memo.
As part of this effort, we have
done a thorough review of the
organization and made the difficult
decision to reduce our headcount
by more than 10% globally, Elon Musk, via internal memo.
There is nothing I hate more, but it
must be done. This will enable us
to be lean, innovative and hungry
for the next growth phase cycle, Elon Musk, via internal memo.
I would like to thank everyone
who is departing Tesla for their
hard work over the years, Elon Musk, via internal memo.
As of December 2023,
Tesla employed 140,473 people. .
Company shares dropped by over 1%
in premarket trading on April 15. .
Meanwhile, it was also reported on April 15 that BP is laying off over a tenth of its Pulse unit which deals with electric vehicle charging.
Credit: Wibbitz Top Stories Duration: 01:31Published
A television adaptation of Park Chan-wook's 2003 film 'Oldboy' is in the works. The Korean filmmaker is partnering with Lionsgate Television to develop the series, which would be an English-language adaptation of the story. Park said, "Lionsgate Television shares my creative vision for bringing 'Oldboy' into the world of television. I look forward to working with a studio whose brand stands for bold, original and risk-taking storytelling."
Credit: The Hollywood Reporter Duration: 01:20Published
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