Hasbro Considers Moving To Boston

by Jay Cochran
September 19, 2024
Hasbro who's headquarters currently resides Pawtucket, Rhode Island is considering moving things to Boston Massachusetts according to reports. This is somewhat of a big deal being Hasbro has always resided in Rhode Island and specifically in Pawtucket since 1962.

Hasbro's Bertie Thomson, the company’s chief communications officer put out a statement stating:

As Hasbro continues to evolve, we’re exploring options for our global headquarters to make sure it is a space that can best serve our employees, partners, and business needs for years to come, We’re taking our time, evaluating all options that can best support our team's creativity and innovation, and will share updates on our progress. Regardless of the outcome and location, we remain committed to our history – not leaving it behind, but building on it.

The reports go on to say that Rhode Island Gov. Dan McKee and Pawtucket Mayor Donald Grebien are doing everything they can ensure the company stays right where they are.

LEGO is also planning on opening up new offices in Boston as well next year.

When more details become available on this we will be sure to let you know.




Comments...

Last 10 comments - ( Read All Posts )
Goldbug - 2024-09-20 @ 2:17 am

they probably could save a lot of money just by replacing the CEO instead

Jscott991 - 2024-09-20 @ 1:41 am
24 minutes ago, Cxb452 said:

I'm just thinking about the people who are currently employed who will undoubtedly loose their jobs. Boston's cost of living is twice the national average. According to publicly available data the average salary of a Hasbro employee is $126,000 To maintain that same standard of living one would have to earn $169,000 in Boston. Housing, on average is 95% higher as well. I think about the people who will wind up having to uproot families, change schools, and find housing in this market as well as those who can't afford to move. Hasbro isn't going to just increase the wages of employees because Boston is more expensive.

Most companies that size do increase wages based on geography, but probably not 35%. I understand your point. I feel bad for RI just because of tradition and anyone negatively affected. But I'm betting employee issues are driving a lot of this decision. It's not like they are moving to Texas or Florida to evade taxes.

Cxb452 - 2024-09-20 @ 1:39 am
9 hours ago, Jscott991 said:

Talent acquisition is probably a major reason they are considering moving. Attracting people to RI might be tougher than convincing Rhode Island people to move to Boston. Their pool for available employees will increase dramatically. Whether that's enough to offset everything else is an open question. But I think you're looking at the employee issue in a narrow way.

I'm just thinking about the people who are currently employed who will undoubtedly loose their jobs. Boston's cost of living is twice the national average. According to publicly available data the average salary of a Hasbro employee is $126,000 To maintain that same standard of living one would have to earn $169,000 in Boston. Housing, on average is 95% higher as well. I think about the people who will wind up having to uproot families, change schools, and find housing in this market as well as those who can't afford to move. Hasbro isn't going to just increase the wages of employees because Boston is more expensive.

Jscott991 - 2024-09-19 @ 3:54 pm
1 minute ago, Cxb452 said:

I said it somewhere else but this is probably a bad idea personnel-wise. Boston is a very expensive city to live in or even close to. The idea that people who have families in RI could easily up and relocate to Boston is ridiculous. I'm sure MA would give Hasbro some kind of tax incentive to move the company there but in the long run it would require numerous new hires and extensive training to bring staff up to speed. Plus this would be a huge blow to the economy of RI. Just seems pretty dastardly is Hasbro does move to Boston.

Talent acquisition is probably a major reason they are considering moving. Attracting people to RI might be tougher than convincing Rhode Island people to move to Boston. Their pool for available employees will increase dramatically. Whether that's enough to offset everything else is an open question. But I think you're looking at the employee issue in a narrow way.

Cxb452 - 2024-09-19 @ 3:53 pm

I said it somewhere else but this is probably a bad idea personnel-wise. Boston is a very expensive city to live in or even close to. The idea that people who have families in RI could easily up and relocate to Boston is ridiculous. I'm sure MA would give Hasbro some kind of tax incentive to move the company there but in the long run it would require numerous new hires and extensive training to bring staff up to speed. Plus this would be a huge blow to the economy of RI. Just seems pretty dastardly is Hasbro does move to Boston.

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