Adidas to cut up to 500 jobs after posting better than expected holiday profits
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Adidas plans to cut up to 500 jobs despite reporting better than expected holiday profits, aiming to simplify its business operations.
January 23, 2025 | 5:00 pm
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Adidas is cutting up to 500 jobs to simplify its business, even after reporting better than expected holiday profits.
The job cuts indicate a strategic move to streamline operations, which could be seen as positive for long-term efficiency but may have neutral short-term impact on stock price due to the mixed message of job cuts following strong profits.
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