Nike Announces 1,400 Job Cuts in Global Restructuring Effort

8 articles · Updated · CNBC · Apr 23

Nike is cutting approximately 1,400 jobs globally, primarily in its technology department, as part of a new round of layoffs.
The layoffs are part of the company's 'Win Now' turnaround strategy to streamline operations and modernize manufacturing and supply chains.
This move follows earlier job cuts and comes amid declining sales, particularly in China, as Nike aims to return to long-term profitable growth.

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