KANSAS CITY, Mo. — Hallmark Cards Inc. will cut about 400 jobs worldwide, including 325 at its headquarters of Kansas City, Mo., 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.
Hallmark employs about 30,000 people worldwide.