Nike Layoffs Announcement to Affect 740 Employees by June 28
HR Digest
MAY 9, 2024
The company had announced a 2 percent reduction of the workforce, targeting a reduction of at least 1,600 employees over time. Nike’s layoffs within its workforce are part of a much larger cost-cutting strategy after their last annual report in December did not see profitable results to the degree the company had expected.
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