Hasbro to lay off more employees amid weak toy sales

People walk past the Beyblade Burst Speedstorm, by Hasbro, Inc., on display in the FAO Schwarz toy store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File Photo

HASBRO said on Monday it would be cutting more jobs, as the toymaker struggles with weaker sales amid the holiday season.

The company said that as part of its additional headcount reduction, it would be laying off about 1,100 employees globally in addition to 800 reductions already taken.