Funko Inc. on Friday said that it planned to cut between roughly 180 to 200 employees, or around 12% to 13% of its staff, the latest effort to scale back as...
Funko Inc.
on Friday said that it planned to cut between roughly 180 to 200 employees, or around 12% to 13% of its staff, the latest effort to scale back as the toy maker deals with weaker industry-wide toy demand and tries to manage its costs. Funko — known for its Funko Pop dolls modeled after popular movie and comic-book characters — said in a filing that the decision took hold on Thursday. The company said the move was an effort to rebalance expenses into areas likelier to bring longer-term gains.
on Friday said that it planned to cut between roughly 180 to 200 employees, or around 12% to 13% of its staff, the latest effort to scale back as the toy maker deals with weaker industry-wide toy demand and tries to manage its costs. Funko — known for its Funko Pop dolls modeled after popular movie and comic-book characters — said in a filing that the decision took hold on Thursday. The company said the move was an effort to rebalance expenses into areas likelier to bring longer-term gains.
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