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Nike is set to lay off about 1,400 employees in its latest round of cuts across its global workforce.
Nike will lay off about 1,400 employees, mainly in its technology division, as part of restructuring.
KEY POINTS
- Nike's technology division will consolidate into two primary hubs: Philip H. Knight Campus and Nike India Technology Center.
- Nike will relocate Converse Footwear manufacturing and engineering operations closer to its factory partners.
- Nike plans to fully integrate materials, footwear, and apparel supply chains for greater manufacturing innovation.
- Modernization of Air Manufacturing Innovation facilities will include system streamlining and workforce reductions.
COMPANIES
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