https://money.cnn.com/2018/07/25/news/companies/mattel-layoffs/index.html
7 replies (most recent on top)
the writing was on the wall long before this round of layoffs and earnings. anyone who accepted a relocation offer is living in a fantasy land.
That would probably be a better situation for them, honestly; gets you out of the 2-year clause.
You're literally going to move to LA and get layed off in 2019. Who will protect you? Work hard and you get a target for making others look bad. Slack off and been seen as dead weight. Loose loose.
We’re less than 150 in NYC.I feel sad for the 9 people who accepted the relocation offer. This company s---s.
I'm assuming the 2.2k includes the closing of the NYC office, AG's Wilmot WI DC/CC, and toy stores?
The vast majority of the layoffs are back-office and support roles, the company said. On a conference call with analysts, Mattel CEO Ynon Kreiz said the company performed a comprehensive "bottom-up review" to preserve the company's sales-generating and creative capabilities. He said he hopes the company can realign resources toward high-performing toys, improving online sales and developing better toy franchises for the future.
To save money and refocus the company on what's working, Mattel said Wednesday that it's firing more than 2,200 employees, or 22% of its workforce. It said it would close all of its factories in Mexico.