VCR - Nike's Multiyear Cost-Cutting Strategy Leads To Layoffs In Europe: Report | Benzinga
Nike Inc. (NYSE:NKE) has reportedly reduced its workforce at its European headquarters as part of a multiyear effort to trim costs. The layoffs are part of a broader plan to save $2 billion globally.
The company’s campus in Hilversum, Netherlands, employs over 2,000 staff members, according to a report from Bloomberg.
The report cited a Nike spokesperson who reiterated a statement from February, emphasizing that the workforce adjustments are meant to align the organization with its most significant growth opportunities.
The global workforce reduction includes approximately eliminations at its main office in Beaverton, Oregon, and reductions at Converse, a ...