Jin10 reported on August 29th that, according to CNBC, as part of CEO Elliott Hill's push for a business restructuring and a return to a rise, Nike (NKE.N) plans to conduct a new round of layoffs. This layoff will affect less than 1% of Nike's headquarters staff, and the specific number is currently unclear. Nike's Europe, Middle East, and Africa (EMEA) operations and Converse department will not be affected. In February of this year, Nike announced layoffs of 2%, which is over 1500 people.
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Nike launches a new round of layoffs
Jin10 reported on August 29th that, according to CNBC, as part of CEO Elliott Hill's push for a business restructuring and a return to a rise, Nike (NKE.N) plans to conduct a new round of layoffs. This layoff will affect less than 1% of Nike's headquarters staff, and the specific number is currently unclear. Nike's Europe, Middle East, and Africa (EMEA) operations and Converse department will not be affected. In February of this year, Nike announced layoffs of 2%, which is over 1500 people.