Hasbro Announces Layoffs, Cutting 15 Percent of Workforce

While Toymaker Hasbro says they're planning to cut jobs this year, announcing thursday, they're going to eliminate close to 1000 jobs, that's about 15% of their global workforce. Hasbro says they're hoping to save between 253 $100 million by 2025. The company also tapering expectations in their fourth quarter earnings, saying they expect revenue to drop 9% year over year. Hasbro going to release their official report on the fourth quarter, coming up february 16th.