PROVIDENCE, R.I. (WPRI) — While the company won’t confirm layoffs, Hasbro said Wednesday it is making “meaningful organizational changes” that will affect “a single-digit percentage” of its global workforce.
The Providence-based toymaker sent a statement to Eyewitness News after inquiries about possible layoffs at the company.
“While some of these changes are difficult, we must ensure we have the right teams in place with the right capabilities to lead the company into the future,” spokeswoman Julie Duffy said in a statement. “We continue to add new capabilities based on our understanding of the consumer and how our retailers are going to market, while evolving the way we organize our business across our Brand Blueprint.”
Hasbro is scheduled to release its third-quarter earnings report on Monday.