Two major stories are unfolding today: Adidas is cutting jobs as it moves past the Yeezy partnership, and Cyclone Alfred is threatening Brisbane with potentially devastating damage.
Adidas Announces Job Cuts
German sportswear giant Adidas announced Wednesday that it will cut up to 500 jobs as part of its ongoing efforts to revitalize the brand and move on from its messy split with US rapper Kanye West, now known as Ye. The job cuts will primarily affect staff at Adidas's headquarters in Herzogenaurach.
The decision comes after Adidas officially ended its partnership with Ye following his antisemitic remarks. The company has since been working to sell off remaining Yeezy inventory. "It's the end of a wild era for Yeezy and Adidas," one report noted, after Adidas sold out of Yeezy stock years after ending the partnership.
The job cuts are aimed at improving efficiency within the company. Adidas is hoping to turn the page on this difficult chapter and focus on future growth. This move signals a significant shift as Adidas navigates a new era without the Yeezy brand.
Cyclone Alfred Threatens Brisbane
Meanwhile, in Australia, Tropical Cyclone Alfred is bearing down on Brisbane, with forecasts predicting it will cross the coast on Friday. This marks the first storm of this magnitude to threaten the city in decades.
The Bureau of Meteorology (BoM) is closely tracking the storm's path. Experts are urging residents to prepare for potential flooding and strong winds. The storm is expected to cause "billions of dollars of damage," according to some estimates.
"I'm confident they know their responsibilities and obligations to people," said Chalmers, referring to insurance companies and their role in assisting those affected by the cyclone.
Yetta Gurtner, an adjunct senior lecturer at the Centre for Disaster Studies at James Cook University, is providing advice on how to prepare for the cyclone. Residents are encouraged to stay informed and follow the latest updates from the BoM and local authorities.
Stay tuned for further updates on both of these developing stories.