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cost cutting effortCNBC
•Business
Business & Economics
69% Informative
Adidas will cut as many as 500 jobs as it looks to simplify its business.
The company has not determined how many jobs it will cut, but up to 500 positions could be affected.
The layoffs will impact employees at Adidas 's headquarters in Herzogenaurach , Germany .
A spokesperson said the company's current operating model has become "too complex".
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76
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English
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