Bloomberg Law
Aug. 22, 2023, 12:41 AM

Dick’s Sporting Goods Lays Off 250 Corporate Employees

Kim Bhasin
Kim Bhasin
Bloomberg News

Dick’s Sporting Goods Inc. laid off about 250 employees from its corporate workforce, a person familiar with the matter said.

Some of the savings from the cuts will be used to hire more workers in other areas, the person said, asking not to be identified because the information isn’t public. Retail employees weren’t affected by the cuts.

A spokesperson for Dick’s declined to comment.

Dick’s has performed well during the pandemic, buoyed by strong demand for athletic-wear and sports gear. In the quarter ended April 29, profit beat analysts’ expectations despite investor concerns about consumer discretionary spending.

As of January, ...

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