Thread regarding Mattel Inc. layoffs

Any more info on tomorrow?

@1pe P&C has an packed schedule Thursday morning.

@ea is there truth to this? Are we getting one of ‘those’ emails in the morning?

@ea makes sense since he’s been on the board for 8 years, why wait?

Maybe that’s why Ynot left and RL will handle the sale and merger?
Just need to finalize the paperwork

Week of 12th

@dw yeah, and our head coach just quit the team right at the start of the 4th quarter. I'm sure everything will be fine! 😆

Maybe our outsourced partners will be able to be trained better to sell jeans than the support they provide for toys.

Well, we are in that End of 3rd/Beginning of 4th Quarter zone. It is "Fall Layoff Season". Strap on or hold on to something, we're going for another round

@bt if this deal did happen, it would probably take around 5 to 8 months to close, however from a Mattel employee perspective, you wouldn’t need to wait for the deal to close; once a definitive agreement is announced, the buyer and Mattel would start developing integration plans. Employees would likely know within weeks or maybe months which functions are likely to survive, consolidate or disappear, even though Authentic wouldn’t technically be taking over operational control before closing.

Once the deal is finalized, then the actual layoffs/restructuring would commence. You’d get the standard 60 days heads-up that comes with this sort of restructuring.

(This is just based on how these sorts of deals play out)

Realistically how soon could it be for this to happen?

Mattel is over. Stay looking for jobs

Yes, if a company like Authentic Brands acquires Mattel, they will operate it as the previous comments note. Game over as you know Mattel now.

It's hard to overstate how alarming this news should be for anyone employed by Mattel- when Authentic Brands Group acquires a company, they explicitly do not operate them like their former owners did. They are fundamentally an IP/licensing company, specifically an "asset-light licensing platform with more than 1,700 partners". So their business model is to own/control the IP and brand strategy while outside operators handle the actual product development, manufacturing and distribution. They'd be buying Mattel's trademarks, history, brand recognition etc and then turning the manufacturing, distribution and retail to it's licensees and operating partners. It would literally be game over.

Stock is up 20% on this news.

FYI Last time Mattel stock was at $20+ or greater was more than a decade. Let’s see if this bid comes to fruition.