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Market Chatter: Adidas Reduces Technology Roles in India to Streamline Operations

MT Newswires·09/17/2026 00:19:11
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12:19 AM EDT, 09/17/2026 (MT Newswires) -- Adidas (ADS.F) cut technology roles in India, affecting less than 20% of its technology organization in the country, Reuters reported Wednesday, citing a company statement. The reduction of jobs, the number of which was not specified, was part of the German sportswear giant's efforts to streamline operations, the report added. Adidas did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)