Overview: Nike, facing financial challenges and increased competition, announces plans to reduce its workforce by about 2%, affecting over 1,600 employees. This move is part of the company’s broader strategy to trim costs by $2 billion over the next three years. Here are the key details: 1. Workforce Reduction: 2. Financial Imperatives: 3. Implementation Timeline:Continue reading “Nike Initiates Workforce Reduction as Part of Cost-Cutting Strategy”
