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NIKE JOB CUTS
Nike's struggles test investor confidence in CEO Hill's turnaround effortNike has faced significant challenges under Elliott Hill, who was brought out of retirement to stabilize the company. Despite efforts to re...
Nike stock plunges after shocking earnings report, company plans lay offsNike earnings statement shows that the company projected sales in the current fiscal year would fall by "high-single digits". Nike reported...
Nike stock falls after revenue miss, NKE forecasts 2027 revenue decline and announces layoffs - here's what investors need to knowNike stock after NKE earnings: Nike stock is down after the company reported a quarterly revenue miss and forecast a high-single-digit reve...
MIT researchers are giving millions of plastic bottles a new life by turning plastic waste into homes, decks and bridges using AI robotsIn a significant development, the Atlas Building Composites, a spinout of Massachusetts Institute of Technology are turning millions of pla...
Tech layoffs 2026: More than 175,000 workers laid off as Apple, Microsoft, Oracle, Amazon, Meta, TikTok, Uber, LinkedIn as dozens of companies cut jobs amid AI boomTech layoffs are accelerating in 2026 as big companies such as Apple, Microsoft, Oracle, Amazon, Meta, Linkedin, TikTok, Visa and dozens of...
Puma bets on pricier sneakers as India’s sportswear race heats upPuma India is focusing on premium products and key sports categories for growth. The company is shifting away from discounted business and ...
Nike layoffs 2026 breakdown: Why is Nike cutting 1,400 jobs? Which departments and regions are hit hardest?Nike layoffs 2026 explained: Nike is cutting jobs again. About 1,400 employees will be affected, mostly in global operations and technology...
Job cuts in U.S.: Massive lay offs underway in Snapchat parent company. Check severance package, which employees are losing jobs right now?Snapchat, Meta, Nike, Citigroup, Morgan Stanley employees are under the job cuts threat. AI-driven automation is exposing multiple sectors ...
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Nike layoff: Sportswear maker plans job cuts. Who will be affected?As of May 31, Nike had about 77,800 employees worldwide, including retail and part-time employees.
Nike cuts some jobs in technology divisionNike will shift some of that work to third-party vendors, the representative said in an email, adding that the changes were announced last ...
Layoffs pile up in US, Canada as companies uncertain of economyAs job cuts persist in 2024 across the U.S. and Canada, sectors including technology, automakers, media, and financial services are heavily...
Nike looking to save face at the Paris Olympics, but why are they currently in trouble?Nike is looking at saving lost face in recent months as there are reports of major goof-ups around sporting merchandise for various teams. ...
Nike plans to cut about 2% jobsThe job cuts are expected to start on Friday, and a second phase will be completed by the end of the quarter, the report said, citing an em...
Vietnam shoemaker for Nike, Adidas cuts almost 6,000 jobsVietnamese shoe manufacturer for brands such as Nike and Adidas, PouYuen Vietnam, announced it would cut nearly 6,000 jobs with permanent c...
Nike cutting 2% jobs as part of business rejigThe overhaul is an attempt to speed up product development and refocus on key markets, CEO Mark Parker said in a statement on Thursday.
- Nike to cut about 1,750 jobs worldwide
That represents 5 per cent of the global work force at the shoe and apparel company.