Toymaker Hasbro cuts 3% of its total workforce, WSJ reports

1. Hasbro cuts 3% of workforce due to higher tariffs on toys from China. 2. Approximately 150 employees will be laid off in this restructuring effort. 3. The company is diversifying sourcing to reduce dependency on China. 4. Hasbro experiences pressure from a global trade war and declining sales. 5. CEO indicates tariffs lead to job losses and higher consumer prices.