Puma to cut 900 administrative jobs as sales tumble

NAMPA / DPA

2025-10-30

Herzogenaurach, Germany (dpa) - German sportswear brand Puma is set to cut some 900 administrative jobs by the end of 2026 as the firm posted disappointing results for the first nine months of 2025. Sales were down 8.5% year-on-year in the period, reaching ?5.97 billion ($6.9 billion), the company based in southern Germany said on Thursday. Net loss came in at ?308.9 million over the period, compared to a net income of ?257.1 million in the first......

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