Struggling Nike will cut around 1,400 jobs in efficiency push - Reuters

Struggling Nike will cut around 1,400 jobs in efficiency push  Reuters

Nike to Cut 1,400 Jobs as Part of Its Turnaround Plan

Most of the layoffs will affect tech workers as the athletic giant tries to reverse a yearslong sales slump. It’s the second round of cuts this year.

By Kim Bhasin

Nike is cutting 1,400 more jobs — the company’s shakeup is not done yet

Nike on Thursday said it would cut around 1,400 jobs in its global operations, the latest efforts to shrink staff as the sneaker-maker’s turnaround efforts remain in flux and as it tries to bring new products to shelves more quickly.

By Bill Peters

Read Nike's memo announcing 1,400 job cuts, most in tech, as it reshapes operations

Nike to cut 1,400 jobs. Sheldon Cooper/SOPA Images/LightRocket via Getty Images 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. Nike is benching some of its employees. The sportswear giant said Thursday that it is cutting about 1,400 roles in its global operations division, m...

Nike to lay off 1,400, majority cuts in tech team; COO says 'not a new direction'

Nike is laying off 1400 employees globally, primarily in its technology division, as part of its 'Win Now' plan to streamline operations and ensure long-term growth. The company is modernizing its technology, manufacturing, and supply chain, consolidating key hubs and improving integration. Affected employees will receive direct communication and support.

By TOI TECH DESK

Nike cuts 1,400 jobs in another layoff round this year - report