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Playing Around in Boston

Oct 30, 2024
Boston may be becoming something of an attraction for toy companies.

Boston may be becoming something of an attraction for toy companies.

NBC 10 is reporting that Hasbro is laying off headquarters employees in Rhode Island as it considers moving to Boston. 

“A company spokesperson says fewer than 100 employees are being let go as part of a restructuring plan announced earlier this week. About half of those layoffs are in Rhode Island, where Hasbro is currently headquartered. State leaders are trying to keep the company in Pawtucket or at least somewhere in the state,” according to the post.

The Boston Business Journal reported last month that Hasbro is eyeing a move to Boston. They said the company has already toured several locations in the city as it looks for a space to better serve their team and business needs, about 200,000 to 250,000 square feet in all.”

"As Hasbro continues to evolve, we’re exploring options for our global headquarters to make sure it is a space that can best serve our employees, partners, and business needs for years to come," Bertie Thomson, the company’s chief communications officer, said in a statement at the time. "We’re taking our time, evaluating all options that can best support our team's creativity and innovation, and will share updates on our progress. Regardless of the outcome and location, we remain committed to our history – not leaving it behind, but building on it."

Hasbro has been located in Rhode Island for over 100 years. It was founded in 1923 by brothers Henry, Hillel and Herman Hassenfeld. The company had said five years ago that it was in the process of evaluating several options for corporate headquarters, according to the article.

About a year ago, another toy maker, Lego, announced its U.S. headquarters move to Boston from Connecticut.

“Boston is ranked one of the best cities in the world to attract and retain talent," President of the LEGO Group in the Americas, Skip Kodak, said in a written release. "This, along with its world-class academic institutions, skilled workforce and great quality of life makes it an ideal location for our US head office. We have exciting plans for the next phase of growth and hope we can retain many of our current team, as well as attract new colleagues.”

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David Harrison