According to Wall Street** Chinese website, Nike said on Thursday that it would lay off about 2 percent of its workforce, or more than 1,600 people, in order to cut costs.
According to the report, according to an internal employee notice seen by The Wall Street Journal, Nike CEO John Donahoe said that the company will use resources to increase investment in categories such as the running series and the Jordan brand. The layoffs are not expected to affect employees in Nike stores and distribution centers, nor on employees on Nike's innovation team.
As of May 31, 2023, the Beaverton, Oregon-based sporting goods company had approximately 83,700 employees.
According to the report, the aforementioned internal notice said that the current round of layoffs is expected to begin on Friday, and the second phase of layoffs will be completed by the end of this quarter.
Since the beginning of this year, there has been continuous news of layoffs in American companies, and they have spread across various industries such as technology, finance, and retail.
As reported in early February, the job market tracks layoffsMore than 30,000 employees at 115 tech companies have been laid off year-to-date, according to FYI data, and the drawdown comes at a time when tech giants' share prices have soared.
By the end of 2026, Citi plans to significantly reduce its workforce by about 10%, that is, about 20,000 people, and the bank's total number of employees as of December last year was 200,000; At the same time as announcing the fourth-quarter financial report, Deutsche Bank announced plans to lay off about 3,500 employees, and the data shows that the bank has nearly 90,000 employees; In the retail sector, Macy's plans to lay off about 13% of the company's workforce and close five stores to cut costs and shift spending to improving the shopping experience for customers.
As of Thursday, Nike closed down 026% at 106$05, with a total market capitalization of 1606$7.9 billion. (Zhongxin Jingwei app).
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