The 1st quarter numbers are out for Hasbro, and there seems to be various interpretations going on about the numbers. Why do some people think the numbers are 'good', and others 'bad'? Here's my take!
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The mass layoffs have paid off for Hasbro - at least for now. As you correctly point out, such cuts can only be taken so far before the company itself begins to suffer.
Quote from: Rhymer88 on April 26, 2024, 09:55:30 AMThe mass layoffs have paid off for Hasbro - at least for now. As you correctly point out, such cuts can only be taken so far before the company itself begins to suffer.
I suspect they already hit that threshold. I think they know it too. It's been a no-so-secret plan of theirs to become an IP broker and a digital media producer while dumping the production and distribution of physical products. This last round of layoffs may have been their version of Cortez burning his ships.
The big problem they are facing now is that they've burned up a lot of customer good will. It will be an interesting show to watch either way though.