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Nike to Layoff 1600 Employees

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22-02-2024, 11:20 AM

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Nike to Layoff 1600 Employees

An honorable member of the Coffee Shop Has Just Posted the Following:

Nike set for over 1,600 layoffs in restructure

The Oregon-based company has said that it wants to better use its capital to invest in its growth areas.
Riccardo Bresaola February 19, 2024
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As part of its general plan to cut costs, Nike said it will simplify its product assortment, and increase automation and technology use (Mario Tama/Getty Images).
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