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Published 2 months ago

Nike to lay off 2% of employees, cutting more than 1,500 jobs during broad restructuring

  • Nike plans to cut 2% of its workforce, roughly 1,500 jobs, to focus on growth areas like running and women's brands.
  • The layoffs will occur in two phases, the first starting this week, aiming to save $2 billion over three years.
  • Employees receiving layoffs will receive financial, healthcare, and outplacement support, with a focus on long-term growth.
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