Thread regarding Mattel Inc. layoffs

Clearly the Jurassic Park license announcement was carefully timed to appear the day before 2nd quarter earnings analyst call to detract attention from the fact that the company is still losing money. Well played.

Yup another sh--show of a quarter with promises that the 3rd is where we will shine!

Q2 reports tomorrow? Or today? When will the heads start rolling?

Yeah the EA/NYC are great at working on products that don't sell. They're the pros when it comes to that!

Atl least the people in EA know how to work. All the ES people seem to do is talk about themselves or look at themselves all the time.

What makes California so special? They can't make a good product or should I say they can't GIVE CHINA a good product to make. Blame everyone but yourself.

its true. cheap hick labor. Sad part is even with the influx of g-- male design sensibility that the place has been infused with they're still churning out lackluster product (adler is going to bomb). Downstate we dismiss them as not really being a "New York" office. We consider them to be the clueless Canadian office.

Mattel isn't ready to dump the EA complex because you'd never get people that cheap anywhere else. You could offer the EA team to move to LA, but they won't be able to afford houses within an hour commute, and culture clash would seal the deal. So it's cheaper to keep the office open and try to fix their problems. And no, Neil isn't the answer...

Guessing with soft sales and carryover from holiday, Q2 could be soft, but it's always kind of a nothing quarter - Q3 is the big one as that's when they start shipping for holiday. I would expect Q2 to be down, and there will be write-offs for the cutbacks in staff at EA and ES. Anyone who thinks layoffs are over hasn't been there long enough. These do happen, and until the new HR person can weed out the bad staff and bad HR members, it will continue. Given who is (or isn't) at the helm of Barbie and Hot Wheels, expect little to no innovation on both brands for the fall. Thing maker will make some noise, but 3D printing is still a niche market and kids want instant gratification, not waiting 6 hours for something to print. Plus it's expensive and complicated. I'd expect a lot of returns not from defects, but from people not knowing how it works or annoyed that it takes so long. Compared to SLA printing in the model shop it's fast, but consumers will compare to their color paper printers in terms of speed.

Fingers crossed they'll turn it around, but unfortunately with King Richard in charge with his followers, not likely soon. I feel bad for friends still there.

MattHell is now, & has been a terrible place to work for the last 10 years for the few people left who have any talent but don't kiss ass That is a fact, if you're not in the AKC you're done.

Totally stupid, arrogant, greedy Directors, VP's, SVP's & above and the no talent, non drawing Design mid mismanagement that just kisses their bosses to stay hired.

So glad I left on my own terms when I did, I generated billions of dollars for them while there but it never mattered because I absolutely refused to do the dance & kiss my VP's ass

Every day is a vacation day now :)

Facts: Sales are lackluster. This Christmas' saviour Thingmaker is already in trouble. Last Christmas' saviour Hello Barbie tanked. Innovation is nil, we're scrambling to play catch up with any little company having a modicum of success. Mashup Shopkins, honestly? Our fixed costs are killing us, especially executive salaries and bonuses. Management-wise, we're topheavy and getting moreso with the likes of Adler. No one at the top actually has much, if any toy experience or understands the toy business. They honestly thought PLM would apply to us. $100+ million up in smoke and not a dollar saved. We've paid for that by laying off experienced designers, modelmakers, tech, and seamstresses. We continue to sail into headwinds which mysteriously don't affect any other company. Are they adjusting your paycheck using constant currency? We're bleeding cash while losing credibility, shelf space, and people with common sense.

I heard this same rumor recently from the most historically reliable source in El Segundo. I won't name the source since that would compromise it. Believe it or not, as you wish. But anyone who thinks that layoffs are over and done with is just kidding themselves. The only question is when and who, so do the math at your leisure now, or later in the unemployment line.

To those who were let go: Are you relieved that the problems continue after your exit, giving you a sigh of relief that YOU were not the problem. Sure some of you might have been F-ups but the real problem is obviously still sitting in their high perches crapping and judging who is let go by who get's hit with their crap. Politics. All Mattel Politics.

'16 Q2 results should be pretty soon & are indeed around the corner. From what I hear from my sources is that those results will be piss poor as was expected. Batman vs. Superman was glued to the planogram, WWE was over shipped with Hot Wheels basically flat so the Boys division is pretty much done, put a fork in it.

Same for the Girls side, Barbie's beat up from the feet up, Monster Nigh is tore up from the floor up, still, so who's gonna save the day? Tricky Dicky & Jon Alder?

Meanwhile Hasbro & Lego $ales are going through the roof. Karma MattHell, karma............yeah, hold on to your resumes.

But the dividends will be paid with blood money.

Don't listen to this nonsense. The CEO made it clear immediately after the last round of layoffs that there would be no more cuts for a while. OP is trolling.

Say what you know! What's "around the corner"?

Sure, more layoffs - we are expecting that - but where? ES?, EA?, NYC?

Is Mattel ready to dump the EA complex?

What about the last quarter? Did we meet the plan? Not what is reported to wall street - the real details.

So tell what you know - no BS please.