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Mattel Laying Off 120 Workers As Part Of Cost-Cutting Push As Toymaker Also Reckons With Tariffs [Yahoo! Finance]

Mattel, Inc. (MAT)  More Company Research Source: Yahoo! Finance
Last mattel, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
The El Segundo, CA-based company disclosed the planned cuts via a California-mandated WARN notice to state and local officials. The workers who are exiting held titles including manager, director and VP, according to the notice, which was included in a publicly available report by the Employment Development Department. More from Deadline Lionsgate Television Undergoes Round Of Layoffs Disney Layoffs To Impact Almost 200 Employees Across News Division And Entertainment Networks; Data Site 538 To Be Discontinued Warner Bros DC & Mattel Ink Multi-Year Consumer Products Deal The number of workers leaving is a small fraction of the company's total workforce of 34,000 as of the end of 2024. The reductions follow an announcement last year of a cost-cutting effort designed to boost profits and achieve $200 million in cost savings. The cuts “are intended to strengthen our organizational structure to drive our growth objectives and optimize our operations,” a Mattel spokesperson told [Read more]
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