Nike Announces 1,400 Job Cuts in Restructuring Effort
Nike has announced plans to cut approximately 1,400 jobs, primarily in its tech division, as part of a broader restructuring and efficiency push aimed at its turnaround plan.
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Struggling Nike will cut around 1,400 jobs in efficiency push - Reuters
Struggling Nike will cut around 1,400 jobs in efficiency push Reuters
Read full article →Nike to Cut 1,400 Jobs as Part of Its Turnaround Plan
Most of the layoffs will affect tech workers as the athletic giant tries to reverse a yearslong sales slump. It’s the second round of cuts this year.
By Kim Bhasin
Read full article →Nike is cutting 1,400 more jobs — the company’s shakeup is not done yet
Nike on Thursday said it would cut around 1,400 jobs in its global operations, the latest efforts to shrink staff as the sneaker-maker’s turnaround efforts remain in flux and as it tries to bring new products to shelves more quickly.
By Bill Peters
Read full article →Read Nike's memo announcing 1,400 job cuts, most in tech, as it reshapes operations
Nike to cut 1,400 jobs. Sheldon Cooper/SOPA Images/LightRocket via Getty Images Nike said it's cutting 1,400 roles in its global operations team, primarily in technology. Chief operating officer Venkatesh Alagirisamy announced the cuts in a memo on Thursday. The layoffs come as Nike's turnaround plan has taken longer than the company expected. Nike is benching some of its employees. The sportswear giant said Thursday that it is cutting about 1,400 roles in its global operations division, m...
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