Job Cuts at Adidas HQ Almost wrapped: CEO
Adidas nears completion of its headquarters' staff reduction
In a candid update, Adidas CEO Bjoern Gulden revealed that the company is well on its way to completing the job cuts it had announced earlier. At their annual general meeting in Fuerth, Gulden flat-out stated, "We're two-thirds through."
The sportswear giant had announced that up to 500 jobs at its Herzogenaurach headquarters would be cut. These redundancies are a move to streamline operations and boost efficiency. Gulden confirmed this reasoning, noting, "We had business models with functions that were duplicated or even tripled."
With this restructuring, Adidas is aligning itself with the broader trend in the sportswear industry, favoring leaner, competitive models over bloated, redundant structures.
[1] ntv.de[2] rts[3] Internal Adidas communications
In light of the job cuts at Adidas HQ, it's crucial for the company to establish clear community and employment policies to address these changes. To ensure the financial stability of the business, a revised employment policy should be developed, focusing on efficiency and streamlined operations.
