Nike is cutting 1,400 more jobs — and the company’s shake-up is not done yet
Nike to cut 1,400 jobs globally as part of ongoing restructuring and turnaround efforts.
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nike is cutting 1,400 more jobs, the company said thursday. the cuts are in global operations, part of a broader effort to shrink staff while the sneaker maker's turnaround stays in flux. nike is also trying to speed up how fast it gets new products to shelves.
the layoffs come after nike already cut jobs earlier this year. the company's stock has been under pressure as sales slow and competition from brands like on and hoka intensifies. nike's new ceo elliott hill has been pushing to streamline the business and refocus on performance footwear.
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