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Nailed it! 😂

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There would be 30% deduction in VP this year, hiring has been stopped, alot of budget constraints. All the outsourcing resources have been removed ( from accenture/ infy ), lost alot of share value in the market in times where competitors like Nike and Puma grew.
Just want to clarify few things here.
Adidas have a more than 100% bonus amount in the last cycle.
Reason is very obvious as they havent given any hike or bonus since covid 19 and something needs to be given to retain employees trust.
In Last to last cycle, they had given 25% of variable pay as a goodwill gesture payment.
Variable Payout history is not so good for Adidas as compared to other good corporates, however apart from these factors Adidas will still be ranked better than many other big employers.