Hasbro, the company behind popular games including Monopoly, Dungeons and Dragons, Play-Doh, and Transformers, is preparing for a major transition.
This could affect hundreds of its employees, who face job losses just as the holiday season peaks.
Hasbro has issued notices affecting approximately 587 employees at its longtime headquarters in Pawtucket, Rhode Island, as it prepares to relocate its operations to Boston.
However, the numbers are not yet confirmed.
The affected employees have been offered continued employment at its new Boston location, with work scheduled to begin on Jan. 4, 2027.
According to a WARN notice filed with Rhode Island, employees who do not complete the transfer are expected to lose their jobs beginning Dec. 24, 2026.
The uncertainty comes as the toy and gaming giant moves ahead with a transformation that has already included thousands of job reductions in recent years.
Which Hasbro employees are affected?
A review of the filing’s eight-page attachment shows 343 separate job-title entries covering the 587 employees.
The positions span product design, marketing, finance, legal operations, engineering, supply chain management, and other corporate functions.
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Among the larger groups listed are:
- 12 associate managers in global brand development and marketing
- 11 senior managers in global brand development and marketing
- 10 global planners
- 8 associate principal product designers
- 8 senior accountants
- 7 senior product designers
The notice also includes senior leadership positions, including chief financial officer, chief operating officer, chief supply chain officer, and various executive vice president and vice president roles.
These employees, however, are covered by the relocation notice and are not necessarily facing dismissal. The filing also does not identify who plans to transfer or which positions will ultimately become vacant.
More details may be available closer to the layoff date of Dec. 24.
The employees are not represented by a union and do not have bumping rights, according to the notice.
Hasbro is shifting its Rhode Island headquarters after nearly 100 years.
Why is Hasbro leaving Rhode Island?
Hasbro’s headquarters relocation has been in development for more than a year.
In September 2025, the company announced plans to move its Rhode Island operations to 400 Summer Street in Boston’s Seaport District.
The toy manufacturing company has been in Pawtucket for nearly 100 years since its shift in 1926, making the move more than a simple relocation.
Now, the new Boston location will serve as the primary headquarters for its toys, board games, and licensing businesses, as well as most corporate services.
The shift is also a part of the toy retailer’s Playing to Win strategy, under which Hasbro aims to expand engagement and increase its community. More precisely, it aims to grow from its current community of 500 million, which includes kids, families, and fans, to “over 750 million by 2027.”
Hasbro said the move would help it attract talent, accelerate innovation, and collaborate more effectively with business partners.
The company originally said at least 700 full-time employees were expected to transition from Rhode Island to Boston.
The latest WARN filing covers 587 employees, although it does not explain the difference between the two figures.
The move also marks the end of an era for Pawtucket, where Hasbro has maintained deep roots for more than a century.
In its 2025 annual report, the company said it intended to sell its existing 343,000-square-foot headquarters and an adjacent 23,000-square-foot building after relocating.
Hasbro also acknowledged a significant business risk associated with the move.
The company warned that employees unwilling to relocate could leave, potentially resulting in lost institutional knowledge, increased hiring costs, and operational disruption.
Hasbro is not alone in making a major headquarters move.
Samsung Electronics America recently relocated its U.S. headquarters from New Jersey to Plano, Texas, affecting 739 positions, as TheStreet previously reported.
While many employees were offered relocation opportunities, others lost their jobs. Samsung has not publicly disclosed the final number of layoffs resulting from the move.
Hasbro’s latest job warnings come despite stronger sales
The latest relocation notices come against a complicated financial backdrop.
Hasbro has already undertaken substantial workforce reductions as part of its business transformation.
In December 2023, the company confirmed approximately 1,100 additional job cuts, following roughly 800 earlier reductions.
In June 2025, Reuters reported that Hasbro was cutting approximately 3% of its workforce, affecting around 150 positions, as the company navigated higher costs and changing market conditions.
And Hasbro’s most recent financial results show that parts of its business are performing strongly.
In the second quarter of 2026, the company reported:
- Revenue growth of 16% from a year earlier
- Operating profit of approximately $253 million
- A 27% increase in Wizards and Digital Gaming revenue
- A 5% increase in Consumer Products revenue
Magic: The Gathering, Hasbro’s popular fantasy-themed collectible trading card game, generated more than $500 million in quarterly revenue for the first time in its three-decade history.
The milestone was driven in part by the game’s Marvel-themed releases, which helped fuel Hasbro’s stronger second-quarter performance and supported its decision to raise its full-year financial outlook.
Looking ahead, Hasbro is scheduled to report its third-quarter financial results on Oct. 20, which could be an opportunity for management to discuss the transition.
For now, the company’s move to Boston promises a new chapter for some of America’s most recognizable toy and game brands.
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