Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Nike to lay off 2% of its employees
short by Mansi Agarwal / on Friday, 16 February, 2024
Nike will lay off about 2% of its total workforce, the sportswear brand announced on Thursday. "We're not currently performing at our best, and I ultimately hold myself and my leadership team accountable," CEO John Donahoe reportedly said in an internal email. The job cuts will happen in two phases, with the first one scheduled to start Friday, reports said.
read more at Reuters