Mattel is laying off more than 2,200 workers after Toys ‘R’ Us went bankrupt

CALIFORNIA — After a disastrous spring, Mattel said it would cut nearly a quarter of its staff and sell some of its factories.

Mattel blamed the Toys “R” Us bankruptcy for the bulk of its problems. When the toy store mega-chain stopped buying new toys, Mattel lost its most important conduit to customers.

Sales fell 11% between April and June. Revenue would have been close to flat, though still down, if Toys “R” Us hadn’t gone bankrupt, Mattel said.

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