The consensus seems to be that this new unlimited vacation is so that when employees leave the company, the company doesn't have to pay out any unused vacation time. Now I'm wondering about severance packages. Has that changed too? Anyone know? If it... — read more
No more Rose Art
Heard there were lay offs there today. Anyone from RA have any details as to what happened?
What is this "Dream Gap" nonsense the CEO was on about today?
He said that starting at age 5 little girls stop believing their gender can do or be anything. What a load of s-xist, misogynistic bullsh!t. Also gender is not the same as s-x, suggesting all little girls are female a transphobic and regressive view... — read more
Unlimited Vacation
Any thoughts on the new Unlimited Vacation.
Assistance for laid off employees
I know this might be a stupid question considering this is Mattel we are talking about, but is there any assistance provided for laid off employees other than the usual, meaning the severance package? I'm asking mostly about some kind of job... — read more
AG leadership
Why on earth haven’t the AG prez and VPs been fired?! They’ve completely destroyed the company.
Holiday layoffs?!
Is something happening today/tomorrow?
FIRE RD
How has this fool not been let go? His value add is zero. Actually, it’s sub-zero given his propensity to spend in excess on non-business driving ballyhoo set only to impress himself while making the rest of our lives and brands a living hell. He’s... — read more
This week?
Any indication that there will be layoffs this week?
Happy Thanksgiving email
I think the least you could do as a CEO is send an template email to all your employees saying “thanks” is it too much to ask for?
New leadership, old leadership, same old ship.
What to make of the new leadership being sent out the door, only to reinstall the lifers. Kitty says this may be a good thing. But what does kitty know that we don't?
Who’s making these decisions?
Is it true the Good man is now running procurement and contract manufacturing? How can you get a senior job in areas you’ve never been part of who. Did ME decide this all on his own or did the old Mattel boys network do its work again?
The lies that leadership tells
I keep reading that the landscape of traditional play has changed but i’m calling b---s--- on that. my kids wants a barbie dreamhouse, something called sunny day playset, was even enticed by the new polly pocket set. typical girl plat has not gone... — read more
Mattel Chapter 11
We have a $500 million bond that’s due in may 2019. And we are paying 7% interests on the $1 billion bond raised last year. Based on 2017 financials, we paid over $100 million in interests. This year will be higher due to the $1B. There’s a $250... — read more
Marketing and Finance
Dear Marketing and business people, you have failed in your meetings with the finance people and failed you to create new revenue streams. Do whatever you do best and stay out of other disciplines. If you don’t hit your numbers , take a hike... — read more
$13.26
That's the stock price for Mattel today. It's the holiday season and every other toy company's stock is up. Layoffs will be happening now because when reporting of the 4th quarter comes, the company will need to report drastic cost reductions to... — read more
COBRA
I was laid off. Do I still have to sign up for open enrolment? How many of you are going with COBRA. If not COBRA then what? FYI I'm in California
This week?
Anyone know if layoffs are still happening this week?
Thoughts on YK?
It's been 7+ months as CEO. What do we think of YK? Can he turn the ship around?
RD finally jumping ship?
So, was in a meeting in the tower today, and someone let it slip that RD is p-ss-d are Ynot as he's keeping him like a lapdog, and have stripped RD of antly meaning responsibility and he's out the door before Thanksgiving. Good riddance to bad... — read more
Over-shipment to China
The problem with China isn't Trump or the trade war. That has nothing to do with it. Toys aren't impacted by the tariffs, and in any case the tariffs wouldn't impact sales in China. The issue is simple: Mattel massively over-shipped in China for... — read more
Did everyone fill out the Global Engagement Survey?
Will HR do anything about these inhumane working conditions?
In case you think we are safe
Just a reminder, December 5, 2017 was the date of 1st wave of layoffs since the announcement of 650 millions cost saving initiative, 50 people got let go on that day at ES tower and HTC. Have a great Thanksgiving! Yup, chances of no more layoffs this... — read more
The strategy was always the problem
This article is originally about the competition on the learning and educational equipment market in which Mattel is apparently becoming a significant player, but the reason why I posted this article is that, in one part, the author points out how it... — read more
How is the end of the year looking?
I'm thinking we are done with layoffs until after the holidays.
Seating Arrangement in Building
When will empty floors be condensed and more people be moved so that there are not so many empty rows? The floor that I work on barely has any people on it on one side. It's depressing and lowers morale to walk by so many empty desks.
We are all in the same basket
Most people who do it are young and its just another adventure/experience, especially if you don't have kids or real estate holding you in NYC. For some, it's a great move as LA job market for CPG companies is much better than NYC so outside of... — read more
How many have been laid off so far?
From the announced 2,200? Are we near that number by now?
Mattel Layoffs 2019
What are your thoughts about potential Mattel Layoffs in 2019?
$650M cost saving...... $388M to go in Q4.?
YK and his crew did a good job of spinning the numbers, but let's be clear: there was no topline growth. The "growth" CNBC refers to is operating income, and the growth there is driven by aggressive cost cutting. Improved OI is definitely a good... — read more
NY to LA
Sincere question for anyone that worked at the NYC office and relocated to LA...why? Did they guarantee you wouldn’t be laid off? I can’t imagine people uprooting their life and in some cases their families life for a company that is so clearly... — read more
When was the last time?
Employees that have been working at Mattel for a while now, when was the last time the environment and culture in the Tower was fun and exciting to work in? People seem to quietly suffle between countless meetings, doing xyz reports etc. all with the... — read more
Mattel posted YOY growth first time in eight quarters
I gotta admit I felt some relief after the announcement of the Q3 results. The numbers are still far from good, but at least we managed to slow the free fall down, and showed some progress. Hope that this trend continues into the holiday season and... — read more
AG Layoffs?
Does anyone know if there will be November layoffs at American Girl?
Mattel officials are only consistent at being wrong
More normal 3rd Quater profits for Mattel have been 200-400 million range. That prior to the loser executives running this company into the ground over the last 5 years. The 6 million profit just reported doesn’t even cover the electric bills... — read more
Unemployment
Question for anyone who has been laid off. Can you collect unemployment and your severance at the same time???
Will the agony continue- Mattel announces Q3 earnings report
Think that the Q3 earnings report will tell a story whether Mattel, at least, slowed the freefall down. God knows how bad things are going and it would be at least a little satisfying to know that all those painful cost cuts weren’t for nothing and... — read more
I guess Hasbro is more interesting?
Did you notice how much coverage potential layoffs at Hasbro are getting and they haven't even happen yet from what I understand? And yet when we have layoffs, we are lucky if we find one, maybe two obscure mentions in online media. I wonder if this... — read more
$13 Stock
MAT stock fell below $14 Tuesday and just stayed there. Today marks the beginning of the end. Turn out the lights when you leave tonight, Ynon. Cancel Christmas: Enchantimals, Polly Pocket and even the Barbie movie can't save us now.