NKE - Nike Axes Headcount To Save Cost Cuts Over 1600 Jobs: Report | Benzinga
Yesterday, Nike Inc (NYSE:NKE) reportedly stated its plan to curtail around 2% of its workforce, or over 1,600 jobs, to save costs.
Nike Chief Executive John Donahoe said the company will use resources to boost investment in categories like running, women’s apparel, and the Jordan brand, reported The Wall Street Journal.
Read: Air Jordan Shoes Too Expensive? This Retailer Lets Consumers Rent To Own, ‘Walk Now, Pay Later’
As per the report, the headcount reduction will not impact employees in stores and distribution centers or those in its innovation team.
As of May 31, 2023, the company had approximately ...