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If you enjoy reading this site, you might also want to check out these Think Services sites:
 Game Career Guide (for student game developers.)
 Indie Games (for independent game players/developers.)
 Finger Gaming (news, reviews, and analysis on iPhone and iPod Touch games.)
 GamerBytes (for the latest console digital download news.)
 Worlds In Motion (discussing the business of online worlds.)
 Game Set Watch (the Group's alt.game weblog.) |
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Hasbro Restructures
by Quang Hong
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December 7, 1999
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With profits from games and interactive toys outpacing returns from traditional toys, the world's second largest toy makers has announced restructuring plans aimed at expanding it's technology potential. Hasbro will cut over 2000 jobs as part of the restructuring, most of them in manufacturing as the company shutters factories in Mexico and the United Kingdom. Also closing are facilities in Alameda and Chapel Hill as the company cancel the Falcon series and moves out of the flight simulator market. "Falcon 4 has done reasonably well for us, but it's a niche market," said Habro Interactive PR director Laura Tomasetti. The moves are expected to save the company $16 million next year and $23 million in subsequent years. Hasbro is also launching and $500 million stock repurchasing program.
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