Will slash its global workforce by about 2% as the sportswear giant pushes on with efforts to reduce costs to counter a weaker sales outlook and growing competition. Nike, a popular sportswear company, has announced its decision to lay off around two percent of its workforce, totaling more than 1,600 employees.
Reportedly, the exact job titles and the employee numbers will be announced later once. New york (ap) โ nike is cutting 2% of its global workforce, or little over 1,600 jobs, as the athletic wear giant aims to cut costs and reinvest its savings into what it sees as big growth areas like sport, health and wellness.
19,350 Employees Laid Off โ See All January 2024 Tech Layoffs.
Not just the tech industry but layoffs have also hit other verticals and now, leading footwear and apparel brand nike has laid off several employees who took to professional networking platform linkedin to share their plight.
Matthew Kish | The Oregonian/Oregonlive.
The month of may 2024 has witnessed a wave of job cuts across the tech industry.
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Nike Layoffs Have Been Occurring And Now The Impact Is Being Felt In Europe.
The decision to reduce the workforce is anticipated to streamline operations and focus on key business areas by the company.
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Nike announces layoffs affecting 2% of the company.