"As part of our company's ongoing efforts to optimize our operations, we have decided to strategically reduce our workforce in specific areas while maintaining recruitment in other departments," the spokesperson stated.

The digital finance company, Ally, confirmed to BI that they are letting go of around 500 out of their 11,000 employees, which is less than 5% of their workforce.

Ally emphasized that this move is not solely aimed at cost reduction and they are unable to confirm exact figures at this time.

Adidas is pondering changes to its operating model to ensure long-term success, which could involve restructuring roles at their headquarters in Herzogenaurach, according to a spokesperson.

Adidas acknowledged the need to simplify their complex operating model to adapt to the evolving market conditions, following strong growth in all regions and divisions.

Ally's decision to lay off employees follows better than expected profits at the end of 2024, with an expected reduction of about 9% at their headquarters.

Several companies, including CNN, Dropbox, and IBM, are implementing job cuts, primarily related to advancements in big data, fintech, and AI technologies, while also anticipating a surge in tech jobs by 2030.

Cost-cutting measures in the face of technological advancements are prevalent among companies worldwide, with a World Economic Forum survey revealing that 41% of companies anticipate reducing their workforce due to the rise of artificial intelligence.

Layoffs and staff reductions are persisting in various industries in 2025 following significant job cuts in the previous years across sectors like tech, media, finance, manufacturing, retail, and energy.

If you have insights into potential layoffs at your company, please reach out to reporters using a personal email and a secured messaging service to ensure confidentiality.