Nike Announces 1,400 Layoffs as Part of Operational Restructuring
Nike has announced the layoff of approximately 1,400 employees across its Global Operations team, primarily affecting its technology division. The cuts are part of a broader restructuring effort aimed at streamlining supply chains and centralizing technology operations. The company's stock rose slightly in after-hours trading, though it has lost over half its value in the past three years.
Tickers: $NKE
Topics: Corporate Operations Layoffs Restructuring Supply Chain Optimization