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International Business Times

World

Carla St. Louis

Adidas To Cut 500 Corporate Jobs: Company Structure 'Too Complex'

Adidas Adidas AG Kanye West Yeezy

A logo of Adidas AG, hangs on a building in Strasbourg, located in eastern France. (Credit: ABDESSLAM MIRDASS/AFP via Getty Images)

The chief executive officer Bjoern Gulden of Adidas AG will cut up to 500 roles based at its headquarters in Herzogenaurach.

An Adidas spokeswoman said the reason behind the company's job cuts has to do with its current structure which she described as "too complex in a constantly changing world," according to Reuters.

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