Dick’s Sporting Goods cuts hundreds of corporate jobs, reports say

Pittsburgh-based Dick’s Sporting Goods has cut hundreds of corporate jobs, according to a report.

The cut was announced ahead of its quarterly earnings release Tuesday morning on Wall Street.

The layoffs make up less than 1% of the overall workforce, a person close to the company said Monday.

The sporting gear retailer employed around 18,800 full-time workers and 34,000 part-time workers as of January, according to financial filings.

The retailer’s profit slipped in its second quarter and missed Wall Street’s expectations.

Neil Saunders, managing director of GlobalData, said in a statement that a large portion of Dick’s quarterly profit drop appeared to be from theft.

Dick’s corporate office is located in Moon Township.

The Associated Press contributed to this story.

Download the FREE WPXI News app for breaking news alerts.

Follow Channel 11 News on Facebook and Twitter. | Watch WPXI NOW

Most Read