However, a spokesman for the company refused to confirm the job cut number but said that the company structure was ‘too ...

Adidas and Puma, two of Germany’s leading sportswear companies, are reportedly planning significant layoffs as they navigate ...

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Puma wants to improve operations and cut costs in the name of profitability, while Adidas said its operating model is too complex.

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German sportswear giants Adidas and Puma have both said they are seeking to reduce costs, including through possible job cuts, as they aim to bolster profits.