Mattel announced on March 19, 2025, that it is laying off 120 workers at its headquarters. This decision is part of the company's ongoing efforts to save money and optimize for growth.
The job cuts are a component of Mattel's broader strategy to streamline operations and enhance efficiency. This move aims to align the company's workforce with its strategic objectives for profitable growth.
While specific financial impacts were not detailed, such restructuring initiatives are typically undertaken to improve cost structures and operational agility. The layoffs reflect Mattel's commitment to managing its expenses in a dynamic market environment.
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