Thread regarding Adidas layoffs

Harm on stage - RIP adidas

After the lousy quarterly meeting yesterday, it is clear that there is another round of layoffs coming soon. Hint: Harm was on stage.

Fake figures, attrition being more than 35%, when the standard is less than 10%. They made it clear they will take advantage of the exits, that all the projects will be stopped, externals laid off and try to force people to quit to reduce the spendings that are out of control due to hiring, in an already understaffed company.
adidas is doomed, after the 2800 hiring hype, HR is already on alert, positions are advertised but nobody gets hired, interviews with no outcome, people are joking and bets are placed on how many more will leave next week, home office contracts are violated and people are forced to come back to the office.
A very well thought and old policy to move everything to low cost countries, by any means, outsourcing and draining the life out of every employee.
"Through sport we have the power to make money. People don't matter."

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| 2711 views | | 3 replies (last May 18, 2022) | Reply
Post ID: @OP+1gGc8hYa

3 replies (most recent on top)

This is very similar to Portland. Almost every existing headcount will be moved to the Colombia hub. New hires in the US are just temp or meant to be temp.

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Post ID: @7feb+1gGc8hYa

That's no news.
Zaragoza will soon have its bad days,after they've been trying for years to make the Germany and Netherlands offices look bad.
This growth in Spain is just so that they can move headcounts from Germany to a country where layoffs can happen rápido. Entire floors have already been laid off in the Spain office last years, more will follow.

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Post ID: @4ecl+1gGc8hYa

The 3000 new hires was just a bluff, as it was mainly internal shifts and some small new hires there are meant to be temporary, eventually.
But any mentioning of positions and hires actually happening in Zaragoza and Porto? A lot of positions are advertised in Germany, although the hiring is in Spain, Portugal and India. For every new open position in Germany, they open a parallel one in Spain and once the hiring is done in Spain, they close the one in Germany due to lack of proper candidates. Works Council doesn't know/care about these HR tricks?

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Post ID: @4mrl+1gGc8hYa

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