Nike to lay off about 2% of its employees to lower costs techstory.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techstory.in Daily Mail and Mail on Sunday newspapers.
Nike to cut about 2pc jobs to lower costs omanobserver.om - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from omanobserver.om Daily Mail and Mail on Sunday newspapers.
Nike will cut about 2% of its total workforce, or more than 1,600 jobs, the sportswear giant said late on Thursday to lower expenses as demand for its shoes and sneakers comes under pressure.
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Upstart footwear brands such as On
Holding and Hoka are grabbing more shelf space at retailers
globally, competing with giants like Nike and Adidas as their
catchy styles and focus on premium running.