Get access to our best features
Get access to our best features
Published

Sportswear giants Adidas and Puma weighing job cuts

  • adidas and puma are seeking to reduce costs, including possible job cuts, as they aim to boost profits.
  • The plans could affect up to 500 employees and reflect ceo bjorn gulden's desire to simplify adidas.
  • Puma's shares dropped 18% after its net profit fell to 282 million euros in 2024 from 305 million in 2023.
  • Adidas's operating profits jumped fivefold in 2024, but gulden stated the company still needed to improve profit margins to 10%.
Insights by Ground AI
Does this summary seem wrong?
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources lean Left, 50% of the sources lean Right
50% Right
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)