Nike will lay off workers as part of $2-billion cost-cutting plan wcbe.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wcbe.org Daily Mail and Mail on Sunday newspapers.
After slashing its annual sales forecast to 1%, Nike announced it's going to make $2 billion in cuts. An executive said that goal will be reached through…
SHARES in the biggest global sportswear brands tumbled after Nike Inc. said it would slash jobs in response to weaker sales. Nike said it’s looking for as much as $2 billion in cost savings by dismissing workers and simplifying the sneaker company’s product lineup amid a weaker sales outlook. The…
Nike falls most in more than a year on weaker sales, job cuts spokesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spokesman.com Daily Mail and Mail on Sunday newspapers.