Story preview
Topics in this story
Continue reading on the publisher site for the full article.
News Atlas is free and independent. If it’s useful to you, you can support it with a coffee. ☕ Buy me a coffee
Coverage
Tone
Outlets covering it
10
in the last 3 days
First reported
3 days ago
9 outlets since
Countries
9 other outlets reported this story in the last 3 days.
Nike plans to reduce its workforce as part of its latest restructuring programme, with the sportswear giant targeting approximately USD 2.5 billion in cumulative savings through fiscal 2031.The company has not disclosed the number of roles that will be eliminated. However, Nike said its Pace operating model overhaul…
Nike is planning to implement further job cuts as part of its restructuring programme, which began in March. Meanwhile, developers at Hellblade studio Ninja Theory have reported layoffs, affecting several members of the team. European airline airBaltic is also considering cutting between 500 and 700 jobs, with…
Nike is deepening its restructuring under CEO Elliott Hill as its woes in China intensify, announcing a plan to cut more jobs and shake up its global business divisions after the sportswear giant projected a surprisingly steep drop in full-year revenue.