Nike to Reduce Global Workforce by 1400 Positions
Nike announced today it will cut about 1400 roles across its global operations to boost profits. The move affects less than 2% of staff in major markets.
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NIKE INC -CL B has announced a significant reduction in its global workforce, confirming plans to eliminate approximately 1,400 roles. This move is part of a broader efficiency initiative aimed at streamlining operations and bolstering the company's profitability amid a challenging retail environment. The job cuts will primarily impact teams across North America, Asia, and Europe, representing just under 2% of the sportswear giant's total global employee base.
