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By Staff Reporters
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Despite admitting the company had “strong growth” across Wizards of the Coast, Digital Gaming, Hasbro Pulse, and its licensing business, Hasbro has announced that it will be laying off 15 percent of its workforce in an effort to cut down on costs and “return business to a competitive, industry-leading position.” Up to 1,000 workers will be affected by these layoffs, which have apparently been caused by Hasbro’s Consumer Products business under performing over the holiday period.
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This flood of Big tech and other layoffs has again upended the dynamic between employers and employees, workers and executives say, leading to prolonged job searches and widespread fear and anxiety among many in the industry. “It is an employer’s market after years of employees having the benefit of working from home [and] more jobs with higher pay and perks,” said an anonymous unemployed worker after being let go by an educational-tech company last November. “Employers are reasserting their dominance — For example: Disney Google Meta Apple Snap [are] asking workers to be on site three or four days a week.”
Moreover, last week, Alphabet Inc.’s Google was the latest tech giant to add to the uncertainty, announcing the elimination of 12,000 jobs just two days after Microsoft Corp. announced it was cutting 10,000 positions. The two join a long list of companies that have announced layoffs in recent months, including Salesforce Inc. Facebook parent Meta Platforms Inc., Amazon.com Inc. Cisco Systems Inc. Intel Corp. HP Inc. Coinbase Global Inc. Spotify Technology Inc. and Snap Inc.
And so, is the above and more, leading to the next employment cycle? Perhaps to become known as the “Great Re-Commitment“?
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Filed under: "Ask-an-Advisor", Accounting, Alerts Sign-Up, Career Development, Ethics, Op-Editorials, Risk Management | Tagged: employment, great employment, great employment recommittment, quiet quitting, rage, rage applying | Leave a comment »
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