Nearly All Job Cuts at Adidas HQ Finished, CEO Confirms
Almost all job reductions at Adidas headquarters have been carried out.
Gear up for some changes at Adidas! According to their CEO, Bjørn Gulden, two-thirds of the planned job cuts at their headquarters are done and dusted. He made this announcement during the annual general meeting in Fürth on Thursday.
Originally, Adidas had indicated that up to 500 positions could be axed at their headquarters in Herzogenaurach. As part of the severance packages offered, affected employees were on the receiving end. But why the drastic measure? You ask! Well, the aim is as straightforward as a basketball dribble - reduce complexity, boost efficiency!
Yes, you heard it right! Gulden confirmed that they were dealing with business models that had functions not only duplicated, but triple-peated! To put it simply, they needed to streamline and shrink the flab to improve overall performance.
The sportswear industry is no stranger to optimizing its business models and streamlining operations to keep pace with the competition. This trend has been a necessity as companies like Adidas work to refine their organizational structures and remain competitive in the ever-growing global sportswear market. [1][2]
[1] ntv.de[2] rts[3] Munich, Germany[4] Up to 500 jobs at Adidas headquarters may be cut[Sources]
In an effort to simplify operations, Adidas has announced that it will be refining its organizational structure by reducing complexity and improving efficiency. This involves revising not only their community policy but also multiple instances of employment policy. To finance these changes, the company will likely be reallocating resources from various departments, including the business sector.
