About 40 Cranium employees will be laid off as Hasbro takes control of the Seattle board-game company, but 20 others will keep their jobs...
About 40 Cranium employees will be laid off as Hasbro takes control of the Seattle board-game company, but 20 others will keep their jobs.
Pawtucket, R.I.-based Hasbro said today that it will retain about a third of Cranium’s Seattle staff. Most of those staying are designers and marketers, while the 40 jobs being eliminated are in finance, logistics and sales. Those job functions will be absorbed by Hasbro’s Rhode Island headquarters, as well as its Massachusetts-based games division.
The laid-off employees will receive a “comprehensive and competitive severance package,” Hasbro said. Some employees will have the chance to apply for jobs elsewhere with Hasbro, including at its Wizards of the Coast division in Renton, the company said.
Hasbro bought privately held Cranium for $69 million on January 25.
Most Read Business Stories
- The penthouse atop Smith Tower is on the rental market for the first time
- Downtowns will be back, but Seattle has choices to make
- US advisers endorse single-shot COVID-19 vaccine from J&J
- Zillow’s price estimates are now cash offers in homebuying push
- Seattle rents tick back up after months of free fall
Cranium was started in Seattle in 1998 by two former Microsoft workers. Co-founder Richard Tait left Cranium a couple of weeks ago. Whit Alexander, Cranium’s other co-founder, remains as a consultant through June.
Amy Martinez: 206-464-2923 or email@example.com