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Keyword: costscutjobsnike

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  • Nike cutting 1,600 jobs to cut costs

    02/17/2024 3:03:12 PM PST · by ChicagoConservative27 · 27 replies
    Fox32chicago ^ | 02/17/2024 | Daniella Genovese
    Nike is laying off 2% of its corporate workforce as it contends with weaker consumer spending. 'The actions that we’re taking put us in the position to right-size our organization to get after our biggest growth opportunities as interest in sport, health and wellness have never been stronger," Nike said in a statement to FOX Business. Starting Friday, more than 1,600 positions will be cut as the company tries to increase its investment in high-priority areas such as running, women's clothing and its Jordan brand, CEO John Donahoe told employees, according to a memo seen by The Wall Street Journal.