The layoffs will affect employees at Adidas’ headquarters in Herzogenaurach, Germany, and represent nearly 9% of the 5,800 ...

German sportswear giants Adidas and Puma have both announced they are seeking to reduce costs, including through possible job ...

Adidas and Puma, two of Germany’s leading sportswear companies, are reportedly planning significant layoffs as they navigate ...

FRANKFURT, Germany — Adidas on Tuesday said that its operating profit jumped fivefold last year, as the German sportswear giant moves past a crisis triggered by its split from musician and ...

In a significant organizational shift, Adidas is planning substantial changes at its corporate headquarters in Herzogenaurach. The company has announced potential job cuts affecting up to 500 ...

Puma SE shares plunged after the German sportswear company reported disappointing earnings and pushed back profitability ...

Employees learned about the cuts on Wednesday, just one day after Adidas announced what it called better-than-expected preliminary profit results for its holiday quarter and 19% sales growth.

Puma lost more than a fifth of its market value on Thursday after the German sportswear brand reported lower than expected ...

Puma announced belt-tightening efforts on Wednesday and downgraded its profit margin guidance ... who left for crisis-rattled Adidas after having led Puma for almost a decade.

German sportswear giants Adidas and Puma have both said they are seeking to reduce costs, including through possible job cuts, as they aim to bolster profits.

On Tuesday, Adidas presented better-than-expected preliminary figures for 2024, with an 11% increase in sales and an ...