German sportswear maker Puma on Wednesday said it would cut a further 13 per cent of its workforce globally, equivalent to 900 jobs, by the end of 2026, as its sales continued to decline.
Puma reported a decline in sales of 10.4 per cent on a currency-adjusted basis to 1.96 billion euros ($2.29 billion) in the third-quarter.
The cuts come as the company attempts to turn around its performance after lower demand for its products and a hit from US tariffs on imports impacted its business. ($1 = 0.8575 euros)
Published on October 30, 2025
