Nike Announces Job Cuts as Part of Turnaround Strategy
Nike (NYSE:NKE) has announced the layoff of approximately 1,400 employees as part of its 'Win Now' turnaround strategy, primarily affecting its technology department. The company aims to streamline operations and support faster growth, with the cuts representing less than 2% of its global workforce. This follows earlier job reductions in January linked to automation efforts.
Tickers: $NKE
Topics: Corporate Restructuring Dividend Stocks Layoffs Turnaround Strategy