Disappointing First Half Profits Results in LEGO Lay Offs
Posted on Tuesday, September 5th, 2017 at 8:17am by Andrew, BZPower News Manager
Earlier today LEGO shared that both their revenue and profits for the first half of 2017 had decreased compared to 2016. This is a striking result considering they have been reporting nothing but growth for the past several years. LEGO Group Chairman Jorgen Vig Knudstorp has stated that the company is planning to make changes to streamline and simplify its operations in an attempt to turn things around by the end of the year. Unfortunately, part of the plan will be to lay off 1,400 employees of the current 18,200 that work for LEGO. We wish them all the best of luck and hope they are able to land on their feet.
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