LEGO revenue down; 1,400 job cuts to follow
BILLUND, Denmark (UPI) -- LEGO said Tuesday it plans on 1,400 job cuts, as the toy-maker's half-year revenue is down 5 percent from last year. The news comes off a nearly decade-long period of growth for LEGO, where the company had become the world's most profitable toymaker and the second-largest by sales. The toy manufacturer has long been able to compete with competition from cellphone apps and video games. LEGO said it intends to reduce its workforce by 8 percent but […]
