Hasbro lost a billion dollars this year, but D&D made a tonne of profit. And they laid off 1100 people. What I can’t understand is how they’re business model works. And how laying off 1100 people will allegedly save $400 million dollar (someone check my math, but does each employee cost 350k+ each?)
Anyway
It’s a crazy high operating cost number, if true. Rule of thumb is that operating costs are 25-40% in addition to employee salaries for white collar employees.
Some of the cut jobs were in finance, so their math might be off.
🤣