Finance
Adidas CEO Says Lion's Share of Job Cuts at Hq Complete
Published by Global Banking & Finance Review®
Posted on May 15, 2025
1 min readLast updated: January 23, 2026
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Company
Published by Global Banking & Finance Review®
Posted on May 15, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleAdidas CEO Bjoern Gulden announced that two-thirds of planned job cuts at the company's Munich headquarters are complete, aiming to enhance efficiency.
MUNICH (Reuters) -Adidas has completed the majority of planned cuts to its workforce at the German sportswear retailer's headquarters outside Munich, CEO Bjoern Gulden told shareholders on Thursday.
"We are two thirds of the way through," Gulden said at the company's annual general meeting.
He said the cuts were intended to increase efficiency, adding, "We sometimes had business models with functions that were doubled or tripled up."
(Reporting by Joern Poltz, Writing by Rachel More, Editing by Madeline Chambers)
The article discusses Adidas completing the majority of its planned job cuts at its Munich headquarters to improve efficiency.
Adidas is cutting jobs to increase efficiency by removing redundant roles and streamlining business operations.
Adidas CEO Bjoern Gulden announced the completion of the majority of job cuts at the company's annual general meeting.
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