After Lego sales drop for first time in 13 years, the firm plans to cut jobs and 'reset the company'

Lego Group is being forced to retrench after years as a toy-industry standout during which the Danish company leveraged its plastic brick sets and swiveled-arm characters with licensed films, video games and theme parks to double its annual revenue to $6 billion.

Lego Group is being forced to retrench after years as a toy-industry standout during which the Danish company leveraged its plastic brick sets and swiveled-arm characters with licensed films, video games and theme parks to double its annual revenue to $6 billion.