Nike To Lay Off 740 Employees from rattachement foyer fiscal Watch Video

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✓ Published: 23-Apr-2024

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NIKE WILL BE LAYING OFF APPROXIMATELY 740 EMPLOYEES AT ITS WORLD HEADQUARTERS IN OREGON, ACCORDING TO A LETTER RELEASED ON FRIDAY. <br/><br/>THE TOP SPORTSWEAR MAKER AIMS TO CONTROL COSTS AFTER WARNING OF A REVENUE DECLINE IN THE FIRST HALF OF FISCAL 2025. <br/><br/>IN DECEMBER, NIKE ANNOUNCED A $2 BILLION COST SAVINGS PLAN OVER THE NEXT THREE YEARS. IN FEBRUARY, THE COMPANY STATED IT WOULD CUT ABOUT 2% OF ITS TOTAL WORKFORCE, OR OVER 1,600 ROLES.