1. Adidas cuts nearly half its India Tech Hub workforce in Gurugram

Adidas cuts nearly half its India Tech Hub workforce in Gurugram

India

  • Adidas laid off nearly 50% of its 700-employee India Tech Hub workforce in Gurugram on 15 September.
  • The cuts affect software engineers, data scientists and data engineers, impacting 300-350 employees.
  • Adidas said the move aims to align its technology organisation with evolving business needs.
  • One group received exit letters immediately, while others will stay until 15 December to transition responsibilities.

Source: moneycontrol.com

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