The Adidas Group, parent company to TaylorMade-Adidas, Ashworth and Adams Golf, has said in a statement that it has closed its Adams Golf headquarters in Texas and has consolidated the business into TaylorMade's California headquarters in Carlsbad. At the same time, according to mygolfspy.com, 15 percent of the golf division's staff, a majority of whom were Adams Golf employees, have been laid off.
"We recently announced that a reorganization of our company was being planned," a statement from the Adidas Group said. "This restructuring includes the consolidation of our Adams Golf business currently located in Plano, (Texas) to our global headquarters in Carlsbad, (Calif.).
"We are also realigning our workforce at TaylorMade to better meet the needs of our business and ultimately, our consumers. This includes investing in new areas to strengthen our brands and strategically approach our future to reinforce our leadership in the industry."
TaylorMade's business has struggled the first two quarters this year. Sales were down 18 percent in the second quarter and are down 27 percent in total for 2014, a number which equates to roughly $315 million.