Puma, Cut 500 Positions Globally

Puma shares slump on grim outlook amid weak demand in US, China
Puma's shares sank 22% to their lowest in nine years in early trading on Wednesday, a day after the German sportswear group issued disappointing forecasts for the first quarter and for 2025 amid weak demand in its U.
Puma plans job cuts as US demand weakens, outlook dims
Puma on Wednesday announced job cuts and warned of uncertain US consumer demand as the German sportswear group's shares slumped 23 per cent in the wake of disappointing quarterly and annual forecasts issued a day earlier.
Puma Will Cut 500 Positions Globally as Part of a Cost-Cutting Plan
Job reductions will be implemented at the group’s headquarters in Germany and in regional offices. The company has a total workforce of 22,500.
Puma to cut 500 jobs worldwide in cost-cutting programme
Puma will cut 500 jobs worldwide as part of its cost-reduction programme, its CFO said after the German sportswear group late on Tuesday issued disappointing forecasts for the first quarter and 2025 amid weak demand in the U.
Puma warns of slower sales growth in 2025 and will cut 500 jobs worldwide
The brand anticipates that ongoing geopolitical tensions and macroeconomic headwinds could dampen consumer confidence and suppress demand.
Puma to cut 500 jobs worldwide and shut unprofitable stores over weak US demand
This comes right after the German sportswear maker posted disappointing quarterly and annual forecasts a day before, resulting in its shares slumping 23%.
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