[ad_1] Canada Goose parkas hang on display at a store in Richmond Hill, Ontario. Chris So | Toronto Star | Getty Images Canada Goose said Tuesday that it will cut about 17% of its corporate workforce, following a string of other retailers that have laid off employees this year as …
Read More »Tag Archives: Hasbro Inc
Companies — profitable or not — make 2024 the year of cost cuts
[ad_1] Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that …
Read More »Hasbro reports 20% revenue drop, issues downbeat 2024 outlook
[ad_1] A monopoly game sits under the Hasbro logo during Brand Licensing Europe at ExCel on November 18, 2021 in London, England. John Keeble | Getty Images Toy company Hasbro reported a more than 20% hit to its fourth-quarter revenue and issued a downbeat 2024 forecast Tuesday morning. Shares of …
Read More »The S&P 500 will try to maintain its momentum next week after breaching 5,000, with key inflation data, earnings on deck
[ad_1] The S & P 500 broke past 5,000 for the first time ever this week, but investors will see if the momentum can stick in the week ahead with more inflation data and earnings results on deck. The 5,000 milestone does not represent technical resistance for the S & …
Read More »Wayfair shares surge after home goods retailer announces 1,650 job cuts, 13% of workforce
[ad_1] Wayfair is cutting 13% of its global workforce as the digital home goods retailer continues its efforts to trim down its structure, cut out layers of management and reduce costs after going “overboard” with corporate hiring during the Covid pandemic, it announced Friday. The company plans to lay off …
Read More »From FedEx to airlines, companies are starting to lose their pricing power
[ad_1] A FedEx worker delivers packages in New York, May 9, 2022. Andrew Kelly | Reuters After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week said customers have shied …
Read More »Etsy stock falls after company lays off 11% of its staff, citing ‘very challenging’ environment
[ad_1] Etsy is laying off 11% of its workforce at the height of the holiday season as the e-commerce giant looks to restructure its business and streamline costs against a “very challenging” macro and competitive environment, the company announced Wednesday. Approximately 225 employees will be cut from Etsy’s workforce, which …
Read More »Hasbro laying off 1,100 workers as weak toy sales persist into holiday season
[ad_1] Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season, according to a company memo obtained by CNBC. Hasbro had about 6,300 employees as of earlier this year, according to a company fact sheet. Shares of …
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