KANSAS CITY, Mo. — Hallmark Cards Inc. will cut about 400 jobs worldwide, including 325 at its headquarters of Kansas City, Missouri, the company said Monday.
Hallmark will offer buyouts before turning to layoffs. The company said affected workers will receive severance pay and assistance as they seek new jobs.
CEO Mike Perry said the “rapidly evolving retail and consumer environments” requires the company to transform the way it does business.
“The way people shop and the competitive dynamics in the marketplace are changing at a pace and at a degree that is having a significant impact on our businesses,” Perry said in a statement.
Article submitted by, ScottInManhattan.