KANSAS CITY Hallmark Cards Inc. will reduce its global workforce by some 400 people most of them in Kansas City as it undergoes a wider transformation, executives announced Monday.
The company will eliminate 325 positions in Kansas City, officials said. Hallmark will offer buyouts and lay off workers to reduce its workforce by a total of 400. Affected employees will receive severance pay and transition assistance.
In a prepared statement, Hallmark President and CEO Mike Perry said the company must continually evolve and transform to respond to rapidly changing retail dynamics and customer preferences.