Location: El Segundo, California, USA.
Based on news reporting.
Mattel, Inc. has announced a significant layoff affecting approximately 1,000 employees as part of a restructuring effort aimed at streamlining operations. The layoffs are set to take effect on October 1, 2023, and are part of the company's strategy to adapt to changing market conditions and consumer preferences. This decision comes as Mattel seeks to enhance its efficiency and focus on core product lines. The affected employees are primarily based in El Segundo, California, where the company's headquarters is located. Mattel's leadership emphasized the need for these cuts to ensure long-term sustainability and competitiveness in the toy industry.
Mattel, Inc. cut 1,000 jobs as of October 1, 2023.
That is roughly 33.3% 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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