KEY POINTS
  • Hasbro said it would cut 1,100 jobs as it struggles with slumping toy sales, a company memo said.
  • The company, which makes Transformers and My Little Pony toys, had already cut about 800 jobs earlier this year.

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Game maker Hasbro

Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season, according to a company memo obtained by CNBC.

Hasbro had about 6,300 employees as of earlier this year, according to a company fact sheet.

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