Re: Nike Inc (NKE)
Posted: Fri Feb 16, 2024 2:54 pm
vested
Nike to cut 2% of workforce as sportswear giant seeks savings
By Kim Bhasin
Source: Bloomberg
https://theedgemalaysia.com/node/701155
Nike to cut 2% of workforce as sportswear giant seeks savings
By Kim Bhasin
Nike Inc will slash its global workforce by about 2%, as the sportswear giant pushes on with efforts to reduce costs to counter a weaker sales outlook and growing competition.
The first phase will kick off on Friday and run into next week, while the second round will be completed by the end of the company’s fourth quarter.
Source: Bloomberg
https://theedgemalaysia.com/node/701155