Nike to lay off 1400, majority cuts to be in technology team; COO Venkatesh Alagirisamy says in memo: This is not a new …
Nike has announced that it will layoff 1400 employees across its global operations team, with the majority of reductions coming from its technology division. This move of the company is part of its ongoing ‘Win Now’ action plan which is aimed at streamlining operations and positions the brand for longterm profitable growth. In a memo…