Hasbro Inc is a multinational entertainment conglomerate headquartered in Rhode Island, USA. Founded in 1923 (100 years ago) as Hassenfeld Brothers, the company owns the trademarks of products of Milton Bradley, Kenner, and Wizards of the Coast etc.
The company specializes in toys, puzzles, sports equipments, board games, and many more. Its popular products include Ouija boards, Monopoly, Power Rangers, Transformers, and G.I. Joe etc.
According to recent reports, Hasbro has announced the layoff of 1,100 employees as the company restructures its workforce due to market changes. The report further mentions that in a bid to cut costs, the company is also selling off its eOne film and TV division for $500 million USD.
