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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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55 Articles
55 Articles
Nike To Slash Over 1,600 Jobs To Cut Costs As Demand Weakens
Companies announced plans to cut 82,307 positions last month, up 136% from December and the second-most of any in January since the aftermath of the financial crisis in 2009, according to Challenger, Gray, and Christmas
·New Delhi, India
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Nike to cut 2%, or 1,600 jobs, as athletic wear giant cuts costs and reinvests in areas like health - The Morning Sun
Nike is cutting 2% of its global workforce, or a little over 1,600 jobs, as the athletic wear giant aims to cut costs and reinvests its savings into what it sees as big growth areas like sport, …
·Pittsburg, United States
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Coverage Details
Total News Sources55
Leaning Left13Leaning Right13Center23Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 27%
C 47%
R 26%
Factuality
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