Several fan-favorite Hasbro employees who have been regular convention participants, such as Aaron Archer, are among the rumored list of employees laid off. We are looking for further confirmation on which employees from the Transformers brand were let go and will report on this information as it becomes publicly known. Seibertron.com wishes everyone the best of luck with their new endeavors during these challenging times.
Golocalprov.com wrote:Hasbro said that fourth-quarter 2012 profits dropped because of lower than anticipated demand in the U.S. and Canada and slow sales of games and puzzles during the holiday shopping season. In a February 2013 interview with Examiner.com, CEO Goldner said, “In 2012, we met many of the objectives we set for Hasbro. Based on preliminary results, we returned the U.S. and Canada segment to historical operating profit levels; we grew revenues in the Games category against our 2012 objective of stabilizing revenues; and we grew revenues in our Girls category. We also experienced double digit growth in our emerging markets business and achieved profitability in most major emerging markets a year ahead of our plan.
Golocalprov.com wrote:According to Hasbro’s report on growth for 1st quarter, 2013 released on April 22nd, 2013, net revenues increased 2% to $663.7 million for the first quarter of 2013 versus $648.9 million for the 1st quarter 2012. The US and Canada segment is up 4%. The international segment remained flat. The entertainment and licensing segment is up 5%. Much of this has been attributed to “cost saving initiatives." The company is undertaking said initiatives to better align resources and costs while targeting $100 million in annual savings by 2015.
In spite of recent upticks in revenues, layoffs have continued; a sign that restructuring continues. However, according to URI Economics Professor, Leonard Lardaro, "… as a publicly traded company, they will often have to respond to things well beyond whatever deals they might have with the state of RI.