Read Nike's memo announcing 1,400 job cuts, most in tech, as it reshapes operations [Business Insider]
Nike, Inc. (NKE)
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Source: Business Insider
Become an Insider and start reading now. Have an account? Log in Nike said it's cutting 1,400 roles in its global operations team, primarily in technology. Chief operating officer Venkatesh Alagirisamy announced the cuts in a memo on Thursday. The layoffs come as Nike's turnaround plan has taken longer than the company expected. AI-generated summary Summaries are generated by an AI model trained on Business Insider's articles. AI may make mistakes or provide inaccurate/incomplete information. We're unable to load that answer right now. Please try again. What led to Nike's job cuts? What is the "win now" action plan? What roles are impacted by Nike's cuts? How will Nike's tech changes affect operations? How has Nike's turnaround plan evolved? Nike is benching some of its employees. Loading audio narration... The sportswear giant said Thursday that it is cutting about 1,400 roles in its global operations division, mainly in technology. Venkatesh Alagirisamy
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News
- Read Nike's memo announcing 1,400 job cuts, most in tech, as it reshapes operations [Yahoo! Finance]Yahoo! Finance
- Nike cuts 1,400 more jobs in its second major round of layoffs this year [Yahoo! Finance]Yahoo! Finance
- Nike announces roughly 1,400 layoffs in latest round of cuts [FOX Business Network]FOX Business Network
- Lululemon Is Sinking on New CEO Pick. Should You Buy, Sell, or Hold LULU Stock? [Yahoo! Finance]Yahoo! Finance
- Nike cuts 1,400 jobs in another layoff round this year [Seeking Alpha]Seeking Alpha
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