Right before the holidays damn thats cold

is Mattel next?

All of these companies cost cutting by dropping employees…..guaranteed all the presidents and ceo’s are still getting their bonuses. Our economy isn’t going to recover anytime soon either 

@brasco Of course the CEOs will get their bonuses. They need to pat themselves on the back and congratulate themselves on how much money these layoffs saved.

Merry Christmas.

Hasbro's 1,100 layoffs have hit D&D and Magic: The Gathering hard, as a growing list of staff announce their departures

@brasco

In the memo itself, Hasbro CEO Chris Cocks (who received over $9 million in compensation in addition to his $1.5 million salary last year) said the layoffs are intended to "modernize our organization and get even leaner", calling them a "lever we must pull to keep Hasbro healthy". Cocks has not announced any cuts to his pay or compensation to achieve these goals.

@elder SMH…I can’t imagine the depression all of these workers are going to fall in to. I hope they aren’t out of work for too long

Fired in time not to pay out those Christmas bonuses.

$9 million in compensation in addition to his $1.5 million salary. Think of the jobs that 9 million could save. 

Do you think this is because of the impact video games and social media has on toy-buying?  Kids today have so many other options than playing with action figures and play sets. 

@skeledog

I'd say yes. It's only a matter of time. I talked in one thread about how Mattel CEO's made beyond idiotic business decisions with their toylines, but it goes so much deeper than that. CEO's are, ironically, terrible for the health of our economy in the system we have, for just about anybody who isn't them. They only really have one goal: To increase their stock for their shareholders. And usually that stock is later turned into CEO compensation that just enriches them further. So any loopholes, workarounds, or cuts they can do in order to turn their "businesses" into enriching machines for their own wealth will be done. The lay-offs we've been seeing for decades are done to turn their workforces into "skeleton crews" in order to have the bare minimum number of employees, or even less, and then overwork them while keeping their wages frozen. And that also relates to tons of other stuff like the supply chains that are supposed to get us stuff we need to survive failing and brekaing down, a lack of benefits for workers, the fact a lot of the jobs you see are fake and don't exists because companies use them to show regulators they still need workers (when they aren't searching for any) in order to dodge fees, yadda, yadda. So keep all that in mind if anybody here got laid-off, or is having trouble finding work. They don't have to run functioning businesses really, they will get their money in the form of subsidies and bailouts then transfer them into stock buybacks. These people at the top don't care for us and never have.

May seem like an unrelated tangent, but to me, this system affects everything here to a degree. We could be seeing these workers keep their jobs, get better benefits, and even get better quality goods that we can get easier if it wasn't for this beyond broken way of running an economy. We're seeing how this method of increasing the wealth of people who already have more than enough is screwing over movie studios, but I guarantee everybody here: This system has also damaged the MotU franchise so much, and at this rate it will only get worse. Lou Scheimer and his family were aware of social issues like this and put some stuff in their cartoons. In the Filmation adaptation of She-Ra there's emphasis in episodes on how the Horde is exploiting the masses and plundering lands and resources in order to keep their industries operating. Considering how Lou was the child of German immigrants who came to America, he was probably aware of how a lot of businesses did huge amounts of work with the Nazi regime, and these "captains of industry" felt right at home in a nation that had outlawed unions, froze wages, and even enforced an entire industry of cruel and unpaid labor.

There are ways to help them though. Support unions, never stop letting people know about unethical business practices, and see about amping up calls to make more businesses worker co-ops. Studies have shown businesses run better, making just as much in profits, and give their workers FAR MORE when they are structured democratically. Support workers. The original He-Man and She-Ra cartoons had intense political messages at points. I talked about the Book Burning episode where our heroes are staunchly against censorship in the educational system, but I do remember some that had a pro-workers message. 

@thenerdwithasuit I hear you but it feels like a lost cause bruh. the rich are in power it don't matter what side u r on the secret is none of them want change for real

Irony is a toy company laying off 1,100 employees during the biggest toy-buying season of the year.

Posted by: @ornclown

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Irony is a toy company laying off 1,100 employees during the biggest toy-buying season of the year.

@longtooth may be onto something with layoffs occurring prior to paying out holiday bonuses. It's all rotten.

I really hope there is an especially unpleasant and vile place in the afterlife for people that lay off their staff in or close to december.