- Nike to lay off 1400, majority cuts to be in technology team; COO Venkatesh Alagirisamy says in memo: This is not a new … Times Of India —
- Nike confirms 1,400 job layoffs across UK, Europe, North America and Asia Birmingham Live —
- Nike will cut around 1,400 jobs in efficiency push RTE —
- Nike chopping over 1,000 jobs as struggling sneaker giant tries to rebound from sales slump NY Post —
- Nike to Cut 1,400 Jobs as Part of Its Turnaround Plan The New York Times —
- Nike to cut around 1,400 jobs as years-long sales slump continues The Globe and Mail —
- Read Nike's memo announcing 1,400 job cuts, most in tech, as it reshapes operations Business Insider —
- Nike cuts 1,400 more jobs in its second major round of layoffs this year The Independent —
- Struggling Nike will cut around 1,400 jobs The Straits Times —
Nike to lay off 1,400
The layoffs represent about 2% of Nike's global workforce and mark the second major round of job cuts this year.
COO Venkatesh Alagirisamy stated the company is modernizing its supply chain and consolidating key hubs to improve integration.
Nike shares have lost more than half their value in the last three years as brands like Hoka and On gain market share.
Affected employees across the UK, Europe, North America, and Asia will receive direct communication and career support during the transition.