Hasbro is the latest big-name company to lay off workers, despite growth in MTG

Hasbro has joined other major companies in cutting personnel recently after holiday sales failed to meet expectations, despite revenue growth through Magic: The Gathering and Wizards of the Coast. 

Hasbro and Wizards of the Coast have been making money off games like Magic: The Gathering, reporting revenues that were up by nine percent after the first quarter of 2022. But sales across all of Hasbro’s products were down over the holidays, resulting in 15 percent of the company’s global workforce getting laid off, according to CNBC. 

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