Employers are legally required to alert employees along with state and local officials at least 60 days before a mass layoff in what’s known as a WARN notice. Mattel submitted the notice Monday and said it expects affected workers will start leaving the company May 19.

Mattel is cutting 120 jobs in May at its El Segundo headquarters, part of a cost-savings initiative that will save the company millions of dollars by 2026.

Mattel, the toy company behind Barbie and Hot Wheels, filed a notice with the state to lay off 120 employees at its El Segundo headquarters in the Los Angeles area.