Mattel makes job cuts

Toy giant reveals 1,000 positions will go worldwide.
Publish date:
Social count:

Mattel has this morning revealed that it will be cutting 1,000 positions worldwide - about three per cent of its worldwide work force - saying that the current economic climate "amplified [its] need to address the appropriate future structure of the business".

An official statement from the toy giant said the job cuts would be a combination of layoffs, the elimination of open requisitions, attrition and retirements.

The statement said:

"Recently Mattel undertook a strategic initiative to analyze its cost structure to identify tangible opportunities to drive higher productivity and effectiveness in all areas of its global business. As this analysis was nearing completion, the global economy entered one of its most challenging and difficult periods in the last 100 years. The current economic environment has amplified the company’s need to address the appropriate future structure of the business, which includes streamlining its global workforce.

"The recent action means the net reduction of approximately 1,000 positions across the organization worldwide through a combination of layoffs, the elimination of open requisitions, attrition and retirements. In total, the reductions represent about three per cent of the company’s worldwide workforce, or eight per cent of the company’s global professional and management staff.

"This decision was an extremely difficult one; particularly considering the impact this action will have on our employees and their families. We are committed to treating every employee fairly, and with dignity and respect. In order to help our employees through this difficult transition, we will be offering severance benefits, outplacement services and other transitional support for eligible affected employees."


Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.