Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday.

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Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Adidas plans to cut as many as 500 jobs at its corporate headquarters in Germany in a bid to simplify its business—not to cut costs.
CNBC - 3d
Adidas Shares Jump After Preliminary Results Beat Expectations

The sporting-goods company surpassed its own profit expectations amid fierce competition in the sector and as its biggest rival, Nike, continues to pursue a brand revamp strategy.
The Wall Street Journal - 4d
Adidas Exceeds Profit Guidance After Sales Jump in Fourth Quarter

The German sporting-goods company said its operating profit climbed to €1.34 billion last year from €268 million in 2023.
The Wall Street Journal - 5d
UK employers cut jobs after Budget, official data shows

Drop in payrolled workforce comes even as wage growth accelerates
Financial Times - 5d
Starbucks Expecting Job Cuts by March

Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.
The Wall Street Journal - Jan. 17
Target says its holiday sales were better than expected — but its profits weren't

The big-box retailer's report indicates that deals and promotional events motivated shoppers.
CNBC - Jan. 16
Lloyds to cut 500 jobs and close two offices

UK bank to review more than 1,500 jobs across multiple departments
Financial Times - Jan. 15
Stock market plunges after better-than-expected December jobs report

The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News ...
CBS News - Jan. 10
Nordstrom raises sales outlook after holiday season was better than feared

CEO Erik Nordstrom credited the company's "efforts to remain competitive in the promotional environment and the strength of our offering."
CNBC - Jan. 11

Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

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Related

Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Adidas Shares Jump After Preliminary Results Beat Expectations

Adidas Exceeds Profit Guidance After Sales Jump in Fourth Quarter

UK employers cut jobs after Budget, official data shows

Starbucks Expecting Job Cuts by March

Target says its holiday sales were better than expected — but its profits weren't

Lloyds to cut 500 jobs and close two offices

Stock market plunges after better-than-expected December jobs report

Nordstrom raises sales outlook after holiday season was better than feared

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