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Puma Prowls As Job Cuts And Upstart Rivals Crowd The Playing Field

By Forbes   |   1 month ago
Puma Prowls As Job Cuts And Upstart Rivals Crowd The Playing Field

Puma plans to cut 900 jobs globally by 2026 to revive growth amid sales decline. CEO Arne Hoeld aims to streamline operations and refocus on profitability. The company faces challenges in a competitive sportswear market but is determined to strengthen its brand and return to growth.

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