Location: El Segundo, California.
Based on news reporting.
Mattel, Inc. has announced another round of layoffs, affecting approximately 250 employees at its El Segundo, California headquarters. This decision is part of the company's ongoing restructuring efforts aimed at streamlining operations and reducing costs. The layoffs are a response to the challenging market conditions and declining sales in the toy industry. Mattel has been focusing on improving its financial performance and adapting to changing consumer preferences. The company previously laid off staff earlier this year, indicating a continued effort to realign its workforce with current business needs.
Mattel, Inc. cut 250 jobs as of October 1, 2023.
That is roughly 8.3% of the 3,000 people Mattel, Inc. employs.
LayoffTalk has tracked 6 layoff events at Mattel, Inc. since October 2023, affecting a combined 1,969 employees.
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