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Nike to Cut 1400 Jobs in Global Workforce Reduction

Nike announced on Thursday that it plans to eliminate approximately 1400 roles across its global operations. The move marks a significant shift in the company.

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NIKE INC -CL B announced on Thursday that it will reduce its global workforce by approximately 1,400 positions. The move comes as the sportswear giant streamlines its international operations to adapt to shifting market demands.

A display of Nike footwear at a JD Sports location in London's Westfield Stratford City. REUTERS/Mina Kim
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