business / news / / The New York Times
Nike, the world’s largest sportswear company, is trying to recover after missteps led to a prolonged sales slump.
Nike is cutting about 1,400 jobs, primarily from its technology department in the operations division.
KEY POINTS
- Nike will centralize technology roles at its Oregon headquarters and Bengaluru, India tech center.
- Layoffs will impact staffing in Nike factories that manufacture the Air cushioning system.
- The reorganization merges supply chain staff for raw materials into footwear and apparel teams.
COMPANIES
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