Hasbro | 170 jobs lost, mostly in U.S. and Canada

Reuters – Hasbro Inc (HAS.O) is cutting about 170 jobs as the second-largest U.S. toy company tries to recover from sluggish sales during the holiday season.

Most of the jobs are in the United States and Canada, company spokesman Wayne Charness said, including “about 55” in Rhode Island where it is based.

“These moves were made to address both the under-performance in the U.S. and Canada segment, and the need for different skill sets in the company’s workforce to be better aligned with a quickly evolving business,” Charness said.

All employees affected will get “competitive” severance packages, including outplacement services, he said…

via Hasbro cuts 170 jobs, mostly in U.S. and Canada | Reuters.