Nike cutting 1,600 jobs to cut costs
Layoffs come after Nike announced plans to streamline the organization in December
By News on the Net -- Fox Business—— Bio and Archives--February 16, 2024
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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. ---More...
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