(Reuters) -Hasbro ( HAS ) has cut 3% of its global workforce in a bid to cut costs amid higher tariffs, the Wall Street Journal reported on Tuesday.

Swirling worries about a global trade war after U.S. President Donald Trump's tariffs on trading partners have piled pressure on the toy industry that was already struggling with weak demand.

Hasbro ( HAS ) did not immediately respond to Reuters request for comment.

The current job cuts are part of the latest round of a multi-year restructuring at the maker of Monopoly board games and Nerf blasters, the Wall Street Journal added.

In December 2023, Hasbro ( HAS ) had said it would cut 900 jobs globally, nearly a year after saying it would reduce 15% of its workforce due to weaker sales.

The company had roughly 4,985 employees globally, according to its fiscal 2024 annual filing.