Barbie maker Mattel to cut more than 2,200 jobs
Thursday, July 26, 2018
NEW YORK -- Mattel says it will cut 2,200 jobs as the maker of Barbie dolls and Hot Wheels cars seeks to save money.
The toy company was hurt by the closing of Toys R Us, with revenue falling 14 percent in the most recent quarter.
A Mattel spokesman says the job cuts are a part of the company's effort to cut at least $650 million in costs.
Mattel says the jobs cuts will affect office workers around the world.
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