TaylorMade-adidas Golf Reduces Workforce

In another sign of our times, TaylorMade-adidas Golf Company has announced a workforce reduction of 70 employees from across all areas of the company, a direct response to today's uncertain global economic climate.

"We have to align our resources appropriately to meet the unique challenges ahead," said Mark King, TMaG chief executive officer and president. "That means taking a variety of critical actions to make our organization leaner and more cost-efficient. We regret that one of those actions is to reduce our work force, however difficult times require difficult decisions.

"We're confident that the steps we're taking now will allow our company to remain strong during these turbulent times."