business / news / / New York Post
Nike is laying off about 1,400 global operations employees.
Nike is laying off approximately 1,400 global operations employees, mainly in North America and Europe.
KEY POINTS
- Technology team positions will be most affected, consolidating technology operations to two main hubs.
- Nike will move some Converse manufacturing closer to factory partners for better brand support.
- Nike forecasts a 2% to 4% sales decline this quarter, with China sales expected to drop 20%.
COMPANIES
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