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Hasbro will lay off approximately 1100 employees due to weak toy sales

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On December 12th, Chris Cocks, the CEO of Hasbro, stated in a memo to employees that the company will lay off approximately 1100 employees due to a decline in toy sales during the important holiday shopping season. It is reported that the number of layoffs this time accounts for about 20% of the total number of employees in the company.
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