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Toronto-Based Toy Maker Spin Master Cuts Jobs as It Weathers Tariff Impacts
- Spin Master Corp., a Toronto-based toy maker behind brands like Hatchimals, cut jobs across the company in 2025 to address business challenges.
- The job cuts resulted from the impact of U.S. tariffs on countries where Spin Master produces toys, which also forced the company to withdraw its financial guidance.
- Spin Master has pursued a comprehensive strategy that includes workforce reductions, diversifying its supply chain, cutting expenses, and significantly decreasing its dependence on manufacturing in China within the next two years.
- The company decided to wind down its games studio in Sweden in February 2025 due to high costs related to acquiring new users that hurt revenue.
- These measures suggest Spin Master aims to stabilize operations amid tariff pressures but faces uncertainty in forecasts and production transitions over the coming years.
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The Hamilton Spectator+19 Reposted by 19 other sources
Toy maker Spin Master cuts jobs as it contends with tariff uncertainty
TORONTO - Toy maker Spin Master Corp. says it has cut jobs across the company as it tries to weather the impact of global tariffs on its business.
·Hamilton, Canada
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Toy Maker Spin Master Cuts Jobs As It Contends With Tariff Uncertainty - Canadian Manufacturing
Toy maker Spin Master Corp. says it has cut jobs across the company as it tries to weather the impact of global tariffs on its business. 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. Spin Master said last month that U.S. tariffs on c…
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