business / news / / Daily Express
US fashion and fitness brand’s Chief Operating Officer Venkatesh Alagirisamy has announced a large-scale overhaul of the entire global business.
Nike is cutting approximately 1,400 roles globally, mainly in Technology within Global Operations.
KEY POINTS
- The restructuring includes relocating some Converse operations and moving manufacturing hubs worldwide.
- Layoffs follow 775 earlier job losses in January, primarily at U.S. distribution centers favoring automation.
- Nike's overhaul aims to simplify operations, increase automation, and build a more integrated business model.
COMPANIES
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