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Hasbro blames slow toy sales as it lays off 1,100 workers.
CNBC reported that the layoffs, which follow a previous round that cut 800 jobs, come as the holiday sales boost the company hoped for never materialized, even given its rehash of former smash hit lines like Furby.
Nilay Patel interviewed CEO Chris Cocks earlier this year about the company’s missteps, like a controversial D&D license change it had to walk back, and struggles that lead it to sell its production company.
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