HAS Stock Recent News
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Hasbro Inc (NASDAQ:HAS) has laid off about 3% of its workforce as part of a cost-cutting and restructuring initiative driven by higher costs due to tariffs. The company sources about half of its US toy and game inventory from China, making it exposed to higher costs under increased tariffs imposed by the Trump administration.
Hasbro (HAS) has reportedly laid off 3% of its global workforce as tariffs boost costs at the toy maker.
Toy seller Hasbro has cut 3% of its global workforce in its latest cost-cutting effort amid higher US tariffs on toys from China.
Hasbro has cut 3% of its global workforce in a bid to cut costs amid higher tariffs, the Wall Street Journal reported on Tuesday.
The latest trading day saw Hasbro (HAS) settling at $67.81, representing a -2.43% change from its previous close.
PAWTUCKET, R.I.--(BUSINESS WIRE)--Hasbro, Inc. (NASDAQ: HAS), a leading games, IP and toy company, is proud to celebrate the second annual International Day of Play (IDOP) on June 11, 2025. Through an epic new family-friendly DUNGEONS & DRAGONS adventure and meaningful community partnerships, Hasbro is bringing more ways to play to children, fans and families around the world. Recognized globally as a day to elevate play to the world stage, IDOP advocates for increased time, space, and qual.
The Zacks Toys - Games - Hobbies industry benefits from robust demand for sports toys, fashion dolls and accessories, and STEM toys. Stocks like HAS, MAT and JAKK are well-positioned at the moment.
In the latest trading session, Hasbro (HAS) closed at $66.71, marking a -0.13% move from the previous day.
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HAS emphasizes MAGIC: The Gathering, cost cuts and Disney ties, to drive growth. Yet, macro uncertainty and tariff risks cloud the outlook.