Adidas to Lay Off Around 50% of Employees at India Tech Hub in Gurugram
· Business · India Today, Hindustan Times, Moneycontrol
Adidas is cutting nearly 50% of its workforce at its India Tech Hub in Gurugram, affecting approximately 350 employees out of a total of around 700. The layoffs primarily target software engineers, data scientists, and data engineers, as part of restructuring efforts to align with changing business needs. Employees were informed during a town hall on September 15, with some receiving exit letters immediately while others must complete handovers by December 15. The company has not disclosed severance details but pledged support for impacted employees. This move reflects broader industry trends in tech layoffs and restructuring amid evolving market demands.
Why it matters
The layoffs will significantly impact tech professionals in Gurugram, potentially disrupting local employment and talent pools. Adidas’s restructuring could also influence similar decisions by other multinational companies operating in India’s tech sector, affecting job stability and industry dynamics.
Read the original report — India Today
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