I truly believe that the cowards at the top are def. concerned about the bad press they've been receiving. If people get let go it will be on an individual basis and not en masse as per before. Have to believe that everyone except for mr. watterman over at seeking alpha are aware that mattel is losing top tier talent and is worse for it.
7 replies (most recent on top)
A claim of no layoffs for a while? That sounds like the kiss of death!
There won't be anymore layoffs for a while. If there are they will sporadic dismissals here and there.
Licenses, Barbie, FP and Hot Wheels. Core brands driving the business. Perhaps we need to come to around to realizing that Barbie and other core brands are only going to be a certain size and we should size it down appropriately. These brands have lost relevance and are as much relics of someone's golden years rather than part of the future. To keep thinking that there is glory to be regained will likely prove to be the company's ultimate undoing rather than significantly invest in a different model where I hate to say it but where content is a focus.
Richard for all his intentions may as well be piloting a plane with no engines working, people bailing out the back door and the pilots pointing at each other while playing musical chairs.
Don't worry. We have a new lunch lady who will guide us to the right path for Barbie and the rest of the girl's division. She has great ideas. When reviewing the entire line she suggested we add curry flavor to the Barbie line. That worked well in her last job, so why not now?
In the meantime some of you low level lackeys will have to go. Don't worry, your workload will be picked up by some people in South China. They may not understand the worldwide marketplace, or even care about the product at all, but they work cheaper than you do.
Ask your self a question, why did we lose it...
If after four years of declining sales they don't fire the heads of Barbie Design (same 2 women, all 4 years) then Mattel has no interest in changing. Richard is out of his depth, much like his disastrous Barbie Shanghai store and claiming the 50th anniversary was a success to relaunch the brand.