Dick’s Sporting Goods Cuts 250 Corporate Jobs — Retail Bum

Dick’s Sporting Goods is continuing its workforce streamlining efforts, letting go of approximately 250 employees from its corporate staff, according to an individual knowledgeable about the situation.

The source, who chose to remain anonymous as the details are not yet public, indicated that a portion of the funds saved from these reductions will be channeled into recruiting additional personnel for different divisions. It is worth noting that these cuts did not impact retail employees.

During the pandemic, Dick’s Sporting Goods had demonstrated solid performance, driven by robust consumer demand for athletic apparel and sports equipment. In the quarter concluding on April 29, 2023, the company exceeded analysts’ projections for profits, even as investors expressed apprehensions about consumer spending in non-essential areas.

According to company filings, as of January 2023, Dick’s Sporting Goods had a workforce comprising almost 53,000 full-time and part-time employees across its corporate offices and retail locations. A prior report from Dow Jones indicated the company’s intention to reduce its total workforce by less than 1%.

The announcement comes in the wake of the company’s most recent quarterly earnings conference. In this call, Dick’s Sporting Goods revealed…