TaylorMade-adidas Golf Company reported it will make a workforce reduction of 70 employees from across all areas of the company, a move the company said is a direct response to “today's uncertain global economic climate.”

“We have to align our resources appropriately to meet the unique challenges ahead,” said Mark King, TMaG chief executive officer and president. “That means taking a variety of critical actions to make our organization leaner and more cost-efficient. We regret that one of those actions is to reduce our workforce, however difficult times require difficult decisions. We're confident that the steps we're taking now will allow our company to remain strong during these turbulent times.”