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Adidas to cut up to 500 jobs

Adidas to cut up to 500 jobs

Adidas shoes are displayed at a DSW store in Novato, California, on Jan. 31, 2024.Justin Sullivan | Getty ImagesAdidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday. The layoffs will...