PAWTUCKET, R.I. — Amid a potential relocation of its headquarters to Boston from Rhode Island, toy giant Hasbro Inc. has announced employee layoffs and “operational streamlining across the board,” with the possibility of a move out of the Ocean State by mid-2026.
Andrea Snyder, the company’s director of global corporate communications, said fewer than 100 employees will be affected by the cuts and roughly half are based in Rhode Island, the Boston Globe reported.
The company in recent weeks has toured multiple downtown Boston office buildings, according to the Boston Business Journal, and is reportedly looking for a roughly 200,000 to 250,000 square foot facility.
According to the company, the changes “should increase speed-to-market by trimming at least three months from the process while empowering teams to make decisions quickly and to ‘design to value’ (design with price in mind) from the start. These latest round of reorganization reflect Hasbro’s “all in” bets on digital, direct, …