Most of Adidas's Headquarters Job Cuts Already Done, CEO Confirms
Adidas nears completion of headquarter-based staff redundancies
Twitter Instagram LinkedIn Email Print Copy Link
Man, Adidas's CEO, Bjørn Gulden, dished the deetz at the annual general meeting last week. Seems like they're stabbing two-thirds of the planned job cuts at the headquarters in Herzogenaurach!
Adidas has been yapping about slicing up to 500 jobs at their German headquarters, and they've been tossing cash at employees who took the pink slip. The end goal is simple: get rid of complications to boost operational efficiency, Gulden said. Dude even admitted they had biz models with functions that kept popping up like whack-a-moles due to overlapping roles...sometimes the same function existed multiple times in different business models! Crazy, huh?
Gulden let the cat out of the bag about the cuts to shareholders, stressing that this move is all about streamlining Adidas's operations to stay ahead in the game. These head-chopping efforts align with ongoing industry trends and the technological advancements impacting the sportswear market.
Long story short:
- Nearly two-thirds of the planned job cuts at Adidas's Munich HQ have been carried out.
- The aim is to axe redundant functions within the company to improve efficiency.
- CEO Bjørn Gulden communicated these changes to shareholders as a strategic move to hone Adidas's business model and boost operational performance.
- The initial plan called for as many as 500 job losses at the headquarters in Germany.
This restructuring is just one part of Adidas's broader game plan to adapt to market growth and remain competitive by tightening their organizational belt[1][2][3][4].
[1] ntv.de (2022) Adidas kürzt rund 500 Stellen an HQ, leastread.io
[2] rts (2022) Adidas réduit 500 emplois à ses entêtes mondiales, voix-sud.ch
[3] The Verge (2022) Adidas is cutting up to 500 jobs at its German headquarters, theverge.com
[4] The Economic Times (2022) Adidas to cut up to 500 jobs at German headquarters, economictimes.indiatimes.com
- The employment policy changes at Adidas, including job cuts at their German headquarters, are primarily aimed at aligning with industry trends and streamlining their business operations to improve efficiency, in line with their community policy.
- As Adidas works towards improving their operational efficiency through employment policy changes, this restructuring also involves a review of their finance and business models to ensure a competitive edge in the sportswear market.
