Topics regarding layoffs at Mattel Inc.

Topics regarding layoffs at Mattel Inc.

The Best Day

As someone who got laid off from Mattel a few years back, I can say this is actually your best day. It certainly might not feel like it now, but Mattel has absolutely lost more than you have. There are a lot of other companies looking for creative... — read more 

Questions for town hall rn

El Segundo, they’re not taking questions from remote viewers. Please ask a ton of questions - including when the next round of layoffs are!!!!

Compare LEGO and Mattel during RIFs

Tells you all you need to know about the company cultures... LEGO Board Chairman in 2017: "We are very sorry to make changes which may interfere with the lives of many of our colleagues. Our colleagues put so much passion into their work every day... — read more 

Bye bye inovation

I'm guessing that since research is one of the most affected areas, we are kissing innovation goodbye for good. Yup, I'm sure that'll work out really well for us in the long run. We are where we are because we keep rehashing the old and not coming up... — read more 

7/31/2018 - Day of Rememberance

I will be calling in sick 7/31, and propose everyone do the same. A day of remembrance for everyone we've lost. The people we loved to see and work with on a day to day basis. A day for those of us who remain, to get out and recognize there is life... — read more 

Relax, 48 hours is up

It was specifically noted at several locations when layoffs started that they will be done within 48 hours. Those hours expired yesterday at the end of workday, meaning that there will be no more layoffs for now (emphasis on for now.) So stop... — read more 

Dreading going in to work

We lost so many good people in the past several days, many friends among them. The office atmosphere is now changed for good. Morale is down, there is so much empty space, barely any chatter... I didn't think workplace environment at Mattel could get... — read more 

How many left to go?

I'm thinking we didn't even come close to 2,200 in the past two days. When can we expect the rest of it to hit us?

The mother of layoffs is here

2,200 people layoff. This is a head spinner https://www.foxbusiness.com/markets/mattel-to-cut-2200-jobs-amid-losses

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| 910 views | | 1 reply (July 26, 2018)
Post ID: @OP+UlldbHe

Mattel COBRA Options

Anyone has more details on how COBRA works after a layoffs? What is offered? How about prices? Thanks.

Layoffs courtesy of Toys R Us

Those who didn't think Toys R Us closing all of its stores was going to affect us (I heard so many people argue that online sales would pick up any sales we lost in the stores,) here is your proof. I just hope it didn't greet you with a layoff... — read more 

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| 770 views | | 1 reply (July 26, 2018)
Post ID: @OP+UlgkYbK

Mattel CEO 2017 Total Compensation

Margaret H. Georgiadis $31,275,289 Richard d---son $8,727,571 Joseph J. Euteneuer $5,277,089 Christopher Sinclair $3,665,628 Amanda J Thompson $1,952,720 Robert Normile $1,759,198 Kevin Farr $1,203,253 TOTAL: $53,860,748 Would these amounts be... — read more 

Total so far?

News reports say 2,200 will be laid off. I saw somewhere (WaPost maybe) that less than half of that will be in the US. 20 this week at AG HQ and 100 at AG retail. Anyone have numbers for other locations?

Media Coverage (Wed 7/25/18 - 5:50 PM PDT)

A Toys R Us death blow: Mattel to lay off 2,200 workers [WaPo] https://www.washingtonpost.com/business/2018/07/25/toys-r-us-death-blow-mattel-lay-off-workers/?utm_term=.f3950e7cad4a Mattel is laying off more than 2,200 workers after Toys 'R' Us went... — read more 

2,200 Laid Off

https://money.cnn.com/2018/07/25/news/companies/mattel-layoffs/index.html

Odds of Mattel being sold off in parts

If there are any non-troll business minded people on this site, I would like to get your take on the future of Mattel. For instance, will there be a sell off? Also, sorry to anybody who lost their jobs.

Here's how it happened

For those wondering the details of how it goes down, at least at FP, here is what happened to me. Phone call to come down to a conference room. Boss had a script to read from which ended with, "this decision is final." Really Mattel? Handed it over... — read more 

2,200

Mattel announced that it will cut 2,200 positions, or 22% of its global non-manufacturing workforce. It also plans to sell its factory sites in Mexico. Shares of Mattel slumped 8.5% after hours.

Get ready

https://money.usnews.com/investing/news/articles/2018-07-25/mattel-misses-quarterly-sales-estimates-announces-job-cuts

Quarter of the Workforce Laid Off

https://www.wsj.com/articles/mattel-to-cut-2-200-jobs-as-toy-maker-battles-losses-1532550800 More than 2,200 jobs being cut, selling manufacturing sites in Mexico…

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| 850 views | | 1 reply (July 25, 2018)
Post ID: @OP+UktafLE

It's not completely over

They are tying up loose ends. people like me that where not at work yesterday;]

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| 680 views | | no replies yet
Post ID: @OP+UkyBCUa

Human Capital, Wasted...

Mattel has been an outstanding company to work for. If you worked in the industry it was well known that Mattel had the most dedicated and properly trained employees, the tenure was unmatched in the industry and this was leveraged into decades of... — read more 

What's going on at Mattel?

Would somebody here please give me a succinct explanation of what's happening at Mattel right now? I've been through posts and replies here, but they scattered and unfocused I can't put together a complete picture. Can somebody help me out, please?... — read more 

Age Discrimination

Any age discrimination noted during this round of layoffs at Mattel?

A Solid Wardrobe

If cutting the workforce is like editing a wardrobe, then let’s think about it like this: Your best pieces of clothes are on the hangers, serving you well. You donated the rest. Fewer blazers, one classic white shirt, a handful of well made casual... — read more 

So far so good...

It really looks like yesterday was it, at least for the U.S. side. Hopefully it stays like this for the reminder of the day.

The sad cruel joke that is Mattel

Ever wonder how the boneheads who rule the roost manage to stay on in this company? or get massive going away golden parachutes for failing miserably at their jobs? Mgo? JB? BS? CS? The list goes on and on and yet even the lower level of overlords... — read more 

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| 1570 views | | 1 reply (July 25, 2018)
Post ID: @OP+UkZPndg

Severance?

Have there been any changes to severance or is it the same as before? I'm worried they'll try to save even more by offering less to laid off workers. Certainly wouldn't put it past them.

Wrong people gone once more

I'm really not sure for how long they can continue to do the same thing over and over again before consequences catch up to the company. We lost some of our best people in this round, and some of the most useless employees that are actual dead weight... — read more 

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| 1470 views | | 1 reply (July 25, 2018)
Post ID: @OP+UkiPszy

El Segundo hit hard today...

sounds like about 100-120 total... heard around 40 from the design side... lot of Admins - you know the people who actually do the work here... what is it going to take to start getting rid of the people who are leading this company to its... — read more 

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