Nike To Lay Off. Nike’s stock has lost 6.2% year to date, after sinking 34.9% over the previous two years. Nike’s ceo john donahoe blamed himself on friday while saying the company was laying off more than 1,500 people—cuts that donahoe said would “reignite our growth.” in a.
The company also slashed its annual sales forecast to only. The stock’s 29.8% tumble in 2022 was the worst yearly performance since it dropped.
Nike Store Logo, London, Uk.
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The Layoffs Come As Nike Works To Regain Lost Momentum.
Nike will lay off about 2% of its employees, or close to 1,700 people, as the sportswear behemoth looks to cut as much.
Will Have Eliminated About 740 Jobs.
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The Layoffs, Referred To As The Second Phase.
Sportswear giant nike has said that it will lay off about two per cent of its workforce or more than 1,600 employees in order to cut costs.
Nike’s Stock Has Lost 6.2% Year To Date, After Sinking 34.9% Over The Previous Two Years.