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Market Chatter: Toy Maker Spin Master Cuts Jobs As It Contends With Tariff Uncertainty
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Market Chatter: Toy Maker Spin Master Cuts Jobs As It Contends With Tariff Uncertainty
Jun 4, 2025 5:53 AM

08:34 AM EDT, 06/04/2025 (MT Newswires) -- Toy maker Spin Master Corp. ( SNMSF ) says it has cut jobs across the company as it tries to weather the impact of global tariffs on its business, The Canadian Press is reporting Wednesday.

In an emailed statement, spokeswoman Tammy Smitham did not say how many employees were affected. She says the layoffs were one part of a multi-pronged plan to deal with the effect of tariffs, which also includes diversifying its supply chains and cutting costs.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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