In its Q3 2023 financial report from October 2023, Hasbro noted that net revenues for the quarter had declined by 10% compared to Q3 2022, with "Consumer Products", a.k.a. (I've seen plenty of news stories over the past couple of years about vacant downtown office spaces due to employees working remotely on a more regular basis, so this change isn't surprising.) This includes standardizing processes within Finance, HR, IT and Consumer Care as part of our Global Business Enablement project, but it also means doing more work across the entire business to minimize management layers and create a nimbler organization.Additionally, since Hasbro's Providence, Rhode Island office "is currently not being used to its full capacity", the company plans to let its lease expire in January 2025 and consolidate at its Pawtucket, RI headquarters. The majority of the notifications will happen over the next six months, with the balance occurring over the next year as we tackle the remaining work on our organizational model. We're immensely grateful to these colleagues for their many years of dedication, and we wish them all the best. This includes team members who have raised their hands to step down from their roles at the end of the year as part of our Voluntary Early Retirement Program (VRP) in the U.S. ![]() Many of those whose roles are affected have been or will be informed in the next 24 hours, although the timings will vary by country, in line with local rules and subject to employee consultations where required. While we're making changes across the entire organization, some functional areas will be affected more than others. While we see workforce reductions as a last resort, given the state of our business, it's a lever we must pull to keep Hasbro healthy. To do that, we need to modernize our organization and get even leaner. ![]() To position Hasbro for growth, we must first make sure our foundation is solid and profitable. 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. We anticipated the first three quarters to be challenging, particularly in Toys, where the market is coming off historic, pandemic-driven highs. Unsolicited resumes received will be considered our property and will be processed accordingly.We entered 2023 expecting a year of change including significant updates to our leadership team, structure, and scope of operations. We will not pay fees to any third party agency, outside recruiter or firm without a mutually agreed-upon contract and will not be responsible for any agency fees associated with unsolicited resumes. ![]() Please do not forward unsolicited agency resumes to our website or to any of our employees. Note to Recruiters and Placement Agencies: We do not accept unsolicited agency resumes. If you are a disabled individual requiring an accommodation to apply for an open position, please email your request to General employment questions cannot be accepted or processed here. Equal Employment Opportunity Policy.Īccommodation Request: We are committed to working with and providing reasonable assistance to individuals with physical and mental disabilities. ![]() All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, protected veteran status, or any other basis protected by applicable law, and will not be discriminated against on the basis of disability. Blizzard Entertainment is an Equal Opportunity Employer.
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