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Nike to lay off 2% of employees, cutting more than 1,500 jobs during broad restructuring

  • Nike plans to cut 2% of its workforce, roughly 1,500 jobs, to focus on growth areas like running and women's brands.
  • The layoffs will occur in two phases, the first starting this week, aiming to save $2 billion over three years.
  • Employees receiving layoffs will receive financial, healthcare, and outplacement support, with a focus on long-term growth.
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Associated Press NewsAssociated Press News
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Nike to cut 2%, or 1,600 jobs, as athletic wear giant cuts costs and reinvests in areas like health

NEW YORK (AP) — Nike is cutting 2% of its global workforce, or little over 1,600 jobs, as the athletic wear giant aims to cut costs and reinvest its savings into what it sees as big growth areas like sport, health and wellness. Nike, based in Beaverton, Oregon, joins a growing number of companies including […]

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The Oregonian broke the news in Portland, United States on Friday, February 16, 2024.
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