Nike Announces 1,400 Job Cuts as Part of 'Win Now' Strategy
Nike has announced the layoff of approximately 1,400 employees, primarily in its technology department, as part of its 'Win Now' strategy to restructure and position the company for future growth. This follows 775 job cuts in January, marking the second round of layoffs this year. The reductions represent less than 2% of Nike's global workforce.
Tickers: $NKE
Topics: Corporate Strategy Layoffs Restructuring Workforce Reduction