Hasbro considers relocating headquarters to Boston from Rhode Island

Hasbro, the well-known toy and game manufacturer, is considering relocating its headquarters from Pawtucket, Rhode Island, to downtown Boston. This potential move comes as the company has been evaluating its office space needs, particularly in light of recent layoffs affecting about 20% of its workforce due to lower-than-expected toy sales in 2023. The company is reportedly looking for a large office space ranging from 200,000 to 250,000 square feet, which could also include options in the Boston suburbs. In a statement, Hasbro's chief communications officer, Bertie Thomson, emphasized that the company is exploring various options to ensure its headquarters can effectively support its employees and business needs moving forward. While the company has not confirmed or denied the reports of a move, it is clear that Hasbro is taking a thoughtful approach to its future workspace. The decision to not renew the lease on its Providence office and the subsequent relocation of employees to Pawtucket indicates a significant shift in Hasbro's operational strategy. Founded in Providence over a century ago, the company has deep roots in the area, and any move would mark a notable change in its historical presence. Regardless of the outcome, Hasbro remains committed to its legacy and aims to build on its history while adapting to the evolving demands of the business landscape. The exploration of a new headquarters reflects the company's ongoing efforts to foster creativity and innovation among its teams.