Barbie maker Mattel to cut more than 2,200 jobs

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Barbie maker Mattel to cut more than 2,200 jobs. Matt O'Donnell reports during Action News Mornings on July 26, 2018. (AP Photo/Richard Drew)

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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