Toymaker Hasbro cuts 3% of its total workforce, WSJ reports
1. Hasbro cuts 3% of workforce, impacting about 150 employees. 2. Increased US tariffs on toys from China contribute to restructuring. 3. CEO warns tariffs lead to higher prices and reduced profits. 4. Company shifting focus to digital and licensed gaming for younger audiences. 5. Recent job cuts part of a multi-year restructuring strategy.