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Reuters

Reuters

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Business & Economics

Puma to cut 500 jobs worldwide in cost-cutting programme

Reuters
Summary
Nutrition label

79% Informative

Puma will cut 500 jobs worldwide as part of its cost-reduction programme.

German sportswear group issued disappointing forecasts for first quarter and 2025 .

Puma 's disappointing quarterly sales and annual profits announced in January and Tuesday 's outlook have fuelled concerns about its ability to compete with bigger rivals Adidas and Nike .

VR Score

90

Informative language

97

Neutral language

62

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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