Nike announces 1,400 layoffs focused on technology department

Nike announced on Thursday that it will cut approximately 1,400 jobs across the organization, with most of the reductions concentrated in its technology department, according to a report from CNBC, citing a memo. The layoffs are part of Nike’s “Win Now” turnaround strategy, according to a note from Chief Operating Officer Venkatesh Alagirisamy. The company [...] The post Nike announces 1,400 layoffs focused on technology department appeared first on Kahawatungu .

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