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Nike cutting 1,600 jobs to cut costs
Fox32chicago ^ | 02/17/2024 | Daniella Genovese

Posted on 02/17/2024 3:03:12 PM PST by ChicagoConservative27

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But the January jobs report! 🙄
1 posted on 02/17/2024 3:03:12 PM PST by ChicagoConservative27
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To: ChicagoConservative27

That explains why the MLB jerseys are so cheap this year.


2 posted on 02/17/2024 3:04:50 PM PST by refreshed (But we preach Christ crucified... 1 Corinthians 1:23)
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To: ChicagoConservative27

Some Nike executive is going to get a $100M bonus for coming up with this brilliant plan.


3 posted on 02/17/2024 3:05:04 PM PST by ClearCase_guy
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To: ClearCase_guy

Are they still paying Kaepernick over $20 million annually to hate on America and cry “Racism!!!”


4 posted on 02/17/2024 3:09:04 PM PST by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: ChicagoConservative27

The most horrible company I’ve ever provided services to. I mean incompetent, arrogant, clueless, nitwits, that have no idea what they are doing besides “optics”. Their 9,000% margins pay for everything. They have no idea what’s eventually coming for them. Waste, waste, waste, and optics.


5 posted on 02/17/2024 3:09:22 PM PST by blackdog ((Z28.310) Be careful what you say. Your refrigerator may be listening & reporting you.)
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To: ChicagoConservative27

Tiger Woods Leaves Nike and 2% get laid off…. Just saying……


6 posted on 02/17/2024 3:12:43 PM PST by Lockbox (politicians, they all seemed like game show hosts to me.... Sting…)
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To: ChicagoConservative27

Woke Bidenomics


7 posted on 02/17/2024 3:13:00 PM PST by TornadoAlley3 ( I'm Proud To Be An Okie From Muskogee)
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To: ChicagoConservative27

Bye


8 posted on 02/17/2024 3:13:39 PM PST by albie
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To: ChicagoConservative27

Wholly crap. If my Jethro Bodine ciphering is right, that means Nike has 84,000 office paper pushers to sell their Sportswear. Seems to me they have a lot more fat to go.


9 posted on 02/17/2024 3:14:48 PM PST by DAC21
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To: ChicagoConservative27

Nike gave them the boot?...................


10 posted on 02/17/2024 3:18:30 PM PST by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: ChicagoConservative27

That’s lot of unemployed 6-year-old Indonesians running around un-supervised.


11 posted on 02/17/2024 3:21:35 PM PST by txeagle
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To: TornadoAlley3

The growing list of companies laying people off indicates that they know something the government doesn’t want us to know. The administration keep pumping out bogus happy numbers.


12 posted on 02/17/2024 3:22:11 PM PST by Starboard
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To: refreshed

One would hope that more men would find enough pride in themselves that they didn’t have to wear another man’s name across their shoulders. But pop culture sheep are gonna pop culture sheep.


13 posted on 02/17/2024 3:23:36 PM PST by txeagle
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To: ChicagoConservative27

Had a shoe literally fall apart so I sent it back to the company for replacement—they returned it!!! Nerver bought another Nike product since. Their products are crap.


14 posted on 02/17/2024 3:25:08 PM PST by Fungi
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To: txeagle

People seem to like wearing conspicuous logos. I can understand why pro’s do it; they’re getting paid big bucks for it. But the average person get’s nothing for parading around like a human billboard.


15 posted on 02/17/2024 3:30:17 PM PST by Starboard
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To: Starboard

Self esteem
I am somebody


16 posted on 02/17/2024 3:35:28 PM PST by bert ( (KE. NP. +12) Hamascide is required in totality)
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To: ChicagoConservative27

Nike: Our sales have never been stronger nor our optimism higher, so we’re laying off 10,000 child slave laborers. Seig heil!


17 posted on 02/17/2024 3:40:09 PM PST by sergeantdave (AI is the next iteration of a copy and paste machine.)
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To: Fungi

Way back Nike took over Bauer a manufacturer of excellent Mickey skates and equipment was skating at the time 4-5x /week o the ice -12–15 hrs. Had to buy new skates after Nike took over. Had to replace within 8 months where pre Nike takeover lasted 3.5 years


18 posted on 02/17/2024 3:46:22 PM PST by slapshot ( )
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To: ChicagoConservative27

Estee Lauder is cutting 3% to 5% of its global workforce as part of a restructuring program that aims to increase profits and become more nimble in a challenging international environment.(AP)

Denim giant Levi Strauss & Co. said Thursday that it’s slashing its global corporate workforce by 10% to 15% in the first half of the year as part of a two-year restructuring plan that seeks to cut costs and simplify its operations. (AP)

The biggest layoffs in 2023 were at big-name companies, including Amazon (27,410 workers) Meta, which owns Facebook and Instagram (21,000), Google (12,115) and Microsoft (11,158).

But so far in 2024, over 34,000 employees have been laid off among more than 140 tech companies, according to layoffs.fyi. Some of the big names this year include Snap, which owns SnapChat, Zoom, PayPal, Salesforce, Microsoft, eBay, TikTok, Wayfair, Google, Discord, Audible and Rent the Runway. (Nasdaq)

On Feb. 13, the TV network giant Paramount announced it was laying off 3% of its staff. (Nasdaq)

On Feb. 14, Cisco, a networking hardware and software tech company, announced it plans to lay off 5% of its workforce as part of its restructuring plan. The cuts will impact more than 4,000 workers globally. (Nerd wallet)

Scroll down for layoff announcements over the last 2-3 months

https://www.nerdwallet.com/article/finance/tech-layoffs?utm_campaign=ct_prod&utm_source=syndication&utm_medium=rss&utm_term=nasdaq&utm_content=1510104


19 posted on 02/17/2024 3:48:17 PM PST by HollyB
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To: ChicagoConservative27

Will there be less shoes to shoplift?


20 posted on 02/17/2024 3:49:32 PM PST by Mark (DONATE ONCE every 3 months-is that a big deal?)
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