Hasbro is slashing about 1,100 jobs, blaming soft holiday sales  ...Middle East

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Hasbro is slashing about 1,100 jobs, blaming soft holiday sales 
Toy and game maker Hasbro will slash about 1,100 jobs, or 20 percent of its workforce, amid soft holiday sales, according to a company memo. In a memo to employees on Monday, Hasbro CEO Chris Cocks said that while the company has made significant strides in the past year, the market conditions are forcing them to take further action. "But the market headwinds we anticipated have proven to be stronger and more persistent than planned," Cocks wrote in the memo, disclosed in regulatory filings with the U.S. Securities and Exchange Commission. "While we’re confident in the future of Hasbro, the current environment demands that we do more, even if these choices are some of the hardest

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