Hasbro Faces Layoffs Amid Toy Sales Challenges

Hasbro is undergoing significant layoffs due to challenges in the toy sales market, with around 2,000 employees to be let go. The company is also selling its eOne film and TV business to Lionsgate for $500 million and plans to reduce its office footprint. Despite revenue declines, the Dungeons & Dragons division has seen a 40% year-over-year revenue growth, but the company is focusing on cost reduction and strategic transformations to position itself for future growth.