Puma Layoffs: German Sportwear Brand To Lay Off up to 500 Employees Globally Amid Declining Demand and Poor Performance, Competition From Other Players

Herzogenaurach, March 13:슬롯 머신 사이트 추천Puma, a globally renowned German athletic footwear슬롯 머신 사이트 추천and apparel brand, will reportedly cut hundreds of jobs as a part of its cost-reduction programme. The Puma layoffs슬롯 머신 사이트 추천are expected to affect 500슬롯 머신 사이트 추천jobs worldwide amid disappointing forecasts of the company's first-quarter 2025 results. The Germany-based sportswear brand슬롯 머신 사이트 추천witnessed weak demand in countries like슬롯 머신 사이트 추천the United States and China슬롯 머신 사이트 추천during the period.

Puma reportedly suffered from poor슬롯 머신 사이트 추천quarterly sales슬롯 머신 사이트 추천and annual profits, making it difficult to슬롯 머신 사이트 추천compete against brands such as Adidas and Nike. Besides, the슬롯 머신 사이트 추천brand faces new슬롯 머신 사이트 추천emerging competitors such as Hoka and On Running. Taking the call on the슬롯 머신 사이트 추천company's situation, Puma CFO Arne Freundt confirmed that the슬롯 머신 사이트 추천sportswear brand would lay off 150 employees.슬롯 머신 사이트 추천JioStar Layoffs: India슬롯사이트™s Largest Media Conglomerate To Lay Off 1,100 Employees After Merger, Multiple Departments To Be Affected, Says Report.

The latest round of Puma layoffs will affect those who work at the company's headquarters. However, reports suggested the number could be as high as 500 people.슬롯 머신 사이트 추천During a press conference, Freundt shared슬롯 머신 사이트 추천the company's workforce reduction plan슬롯 머신 사이트 추천with journalists.슬롯 머신 사이트 추천Puma has around 21,000슬롯 머신 사이트 추천people working for it, and 500 out of the total workforce is a small number, but it still shows the company's struggle in the global sportswear market.슬롯 머신 사이트 추천

Arne Freundt슬롯 머신 사이트 추천said that the job cuts would affect슬롯 머신 사이트 추천a low single-digit슬롯 머신 사이트 추천percentage슬롯 머신 사이트 추천of the business. The latest round of Puma layoffs is part of the company's슬롯 머신 사이트 추천cost-cutting programme, which was aimed at improving the EBIT (earning before interest and tax) margin to 8.5% by 2027. The company recorded a 7.1%슬롯 머신 사이트 추천EBIT margin in 2024.슬롯 머신 사이트 추천Tech Layoffs: 22,692 Employees Laid Off by 81 Companies So Far in 2025, Job Cuts Surge Globally Amid Various Reasons.

This슬롯 머신 사이트 추천year, tech layoffs have affected thousands of employees슬롯 머신 사이트 추천from leading companies in the sector. The news and media layoffs슬롯 머신 사이트 추천also affected people, along with the retail industry, which슬롯 머신 사이트 추천laid off employees for the same cost-cutting measures.슬롯 머신 사이트 추천Now, sportswear giant Puma is facing the same issue to슬롯 머신 사이트 추천increase its profit and reduce costs amid the declining demand and competition in the market.슬롯 머신 사이트 추천