The market wasn't the only one rejoicing. In the wake of the announcements, several industry leaders - as well as current and former Nike employees - took to LinkedIn to share their excitement ...

That announcement followed a May executive shuffle designed to help the company develop the next “breakthrough innovation.” In October, Nike announced employees will be required to work in the ...

At the end of 2023, Nike announced a $2 billion cost-cutting and restructuring strategy that resulted in 740 layoffs at Nike world headquarters in Beaverton.

Nike (NKE) has initiated layoffs within its technology division as part of a strategic reprioritization. The company ...

Nike has laid off a "limited number" of employees on its Global Tech team, a company spokesperson confirmed to Retail Dive. The departures were the result of changes announced last week, which ...

The announcement was made to employees on Thursday night. Nike employed around 83,000 workers worldwide in 2023, so approximately1,674 employees would be laid off. Over 15,000 of its employees are ...

This announcement comes weeks after Nike implemented a round of layoffs and an internal email that told Nike employees to expect various organizational changes in the coming months. Nike is one of ...

And its most recent announcement of 2% corporate layoffs has hurt as well. “Nike as a workplace and as an employee brand majorly declined,” Hahn observed. “Society says, ‘You’ve got to ...

Piper Sandler on NKE: Nike's announcement is a positive for the ... immediate morale boost to Nike thanks to being well-liked by employees and retail partners, Siegel said in a new investor ...

According to ECONorthwest's senior economist, Nike's recent layoffs could have ripple effects on Portland's regional economy, specifically because of the current economic climate. Earlier this ...

The layoffs are part of a broader cost-cutting strategy. In April, Nike announced plans to eliminate 740 jobs in Oregon as part of a 2% reduction in its global workforce. This move is part of a ...