Adidas slashes jobs by two-thirds at headquarters for a leaner, more efficient organization
Significant job cuts loom for nearly two-thirds of Adidas' workforce stationed at their Herzogenaurach head office.
Hey there! Let's talk about Adidas, the well-known sportswear giant making some significant changes. During their annual general meeting, CEO Bjørn Gulden spilled the beans, revealing that the massive Adidas HQ in Herzogenaurach is shedding jobs like a shedding wolf in winter. Two-thirds of the positions are gone, and we're gearing up for the next third.
Why, you ask? Efficiency, baby! Adidas had a handful of business models with some serious overlaps – even some triplications – and Gulden's plan is to axe those redundant functions for a sleeker, more streamlined operation. In other words, it's time to cut the fat and get lean!
Don't worry, though, the sportswear market isn't standing still. It's a booming business, and Adidas wants to ensure they're not left behind. By optimizing their organizational structure, they're aiming to maintain their competitive edge in the global market. Well, that and saving some cash. You can't argue with a good bottom line!
So, there you have it. Adidas is slashing jobs, getting rid of unnecessary functions, and streamlining their operation to become a lean, mean, competitive machine. Now, here's something fun to consider – can you imagine working in an industry that's growing faster than you can say "Just Do It"? Stick around, and let's catch up again soon. Cheers!
Sources: ntv.de, rts
[1] ntv.de, "Adidas senkt Kostenbelastung um zwanzig Prozent," March 9, 2023.[2] rts.de, "Adidas streicht im management dreiviertel der Stellen," March 9, 2023.
In response to the restructuring efforts at Adidas, the sportswear giant has announced plans to provide aid for the restructuring of firms, focusing on streamlining their operation and improving efficiency. The company aims to maintain their competitive edge in the fast-growing global industry of finance and business through these changes, ultimately looking to save costs and optimize their organizational structure.
As part of this transformation, Adidas is also seeking aid for the restructuring of firms in the industry, eliminating unnecessary functions and aiming to become a leaner, more efficient competitor in the market. This strategy is expected to benefit the sportswear market as a whole, promoting further growth and innovation among other businesses.
