Report: Toys ‘R’ Us says it will cut 200 jobs at headquarters
MONDAY MARCH 3, 2014, 6:57 PM
BY JOAN VERDON
STAFF WRITER
THE RECORD
Toys “R” Us is expected to announce layoffs at its headquarters in Wayne, and some 100 store closings in the coming weeks, according to industry sources.
Toys spokeswoman Kathleen Waugh would not comment Monday on a New York Post report that the retailer is preparing to eliminate up to 200 corporate jobs, but toy industry sources said they expect cutbacks will be announced soon.
“We’re all waiting for the shoe to drop,” said one toy analyst.
At the American International Toy Fair in New York City two weeks ago, several manufacturers said privately that Toys executives had told them they would be making cuts and streamlining operations in order to improve the company’s focus.
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I don’t want to grow up;
I’m an Amazon kid
They have more toys than Toys’R’Us
That I can play with!
Shipped to the door
Who could ask for more?
It’s the easiest store there is! Gee wiz!
I don’t want to grow up,
cause maybe if I did:
I wouldn’t be an Amazon kid.
Tough break, Geoffrey!