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Toys R Us Bankruptcy Prods Mattel to Lay Off 2,200, Reduce Real Estate Footprint

Mattel’s American Girl warehouse in Middleton, WI, one of several the toy maker owns. Mattel Inc., the toy maker behind Hot Wheels cars and Barbie Dolls, is laying off 2,200 people – almost a quarter of its non-manufacturing employees – and seeking to reduce its manufacturing space as retailer Toys R Us goes out of business and shutters more than 29 million square feet of store space at 735 outlets. The toy maker’s decision to look…

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