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WotC Layoffs Official Statement
Posted 2002-09-05 18:09:55 by damonwhite |
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realmprotector Reports: We just received in this official comment to GamingReport from WotC's Don Williams on today's events:
September 5, 2002
Wizards of the Coast Statement:
RE: Reorganization
The past two years have been challenging ones for Wizards of the Coast. It is with great sadness that today we must announce some organizational changes. Today’s organizational changes are designed to help drive our business into the future to improve our performance and our long-term profitability.
Unfortunately, some positions have been eliminated. Employees leaving the company will receive a competitive severance program including pay and benefits continuation, career transition services and support.
While these types of moves are always difficult, our competitive industry demands that we operate as efficiently as possible. For example, as part of Hasbro’s U.S. Games Segment, we can take advantage of the leverage afforded by utilizing shared services available across the broader Hasbro organization instead of maintaining duplicate functions at additional expense.
Wizards of the Coast will continue to lead by example in the hobby industry as the worldwide market share leader in the trading card game and tabletop role-playing game categories. We believe that the moves we are making today and throughout the rest of this year will help contribute to our long-term growth and profitability, as we continue to bring to market great games to consumers around the world.
Loren Greenwood
Chief Operating Officer
Wizards of the Coast
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