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Nike is laying off over 700 employees at its headquarters
Nike is removing hundreds of employees from its company. The world-renowned sportswear brand recently announced it will cut 740 jobs at its headquarters in Oregon by June 28. The Beaverton-headquartered company said it would decrease its workforce by 2%, about 1,600 employees, earlier this year.
Nike planning 740 redundancies at Oregon HQ
As part of its efforts to cut costs after warning of a decline in revenue in the first half of the 2025 fiscal year, a letter on April 19 showed that top sportswear maker Nike will make some 740 employees at its Oregon headquarters redundant.
Nike to Cut 740 Jobs Amid Cost-Saving Measures
Nike has recently announced plans to lay off approximately 740 employees at its Oregon headquarters as part of a broader initiative to manage expenses in anticipation of a sales decline expected in the first half of fiscal 2025.
22h
on MSN
Forget Nike: Buy This Magnificent Growth Stock Instead
Lululemon is also much smaller than Nike, resulting in much greater long-term growth potential. Nike generates more than half ...
17h
on MSN
Why Dave Portnoy Thinks Caitlin Clark Is ‘Getting Screwed’ by Nike With $28 Million Deal
Barstool Sports founder Dave Portnoy thinks Caitlin Clarke is “getting screwed” with her record-setting eight-year, $28 ...
EssentiallySports on MSN
10h
Nike Announces Collab With Coach Prime, Swiftly Responds to New Balance's Mega Deal with Marvis Harrison Jr.
The news of the deal comes days after the Ohio State Buckeyes QB recently signed an endorsement deal with New Balance, one of ...
16h
on MSN
Caitlin Clark's new signature shoe with Nike is a great sign of things to come, but we need more
Caitlin Clark is a proverbial comet whose galactical skills have captured the attention of fans, the media and, most recently ...
22h
on MSN
Caitlin Clark ‘getting screwed’ with historic Nike shoe deal: Dave Portnoy
Caitlin Clark’s historic shoe deal isn’t historic enough for Dave Portnoy. The Barstool Sports founder claimed the Indiana ...
2d
on MSN
Nike CEO blames oddly specific problem for brand issues
Aware that growth and imagination seem to be an issue at his company, Nike CEO John Donahue isolated one particular issue ...
17h
Chet Holmgren explains Nike commercial with Kevin Durant, hopes for future work together
The duo was recently featured in a Nike commercial. Holmgren was part of Nike’s commercial advertising their new KD 17s.
New York Post on MSN
19h
The middling offers Caitlin Clark shot down before $28 million Nike deal
Caitlin Clark had offers from multiple apparel companies for a shoe deal before striking a historic eight-year, $28 million ...
3d
on MSN
Nike Reverses Course as Innovation Stalls and Rivals Gain Ground
Shoe giant stumbled as CEO John Donahoe pulled away from retailers and relied on old hits. Now it says it’s refocusing on ...
Tennis
12h
Geared Up: Rafael Nadal plays out his illustrious career with Babolat and Nike
A beast of a racquet, it shares the Aeromodular beam shape, FSI Spin technology and Woofer System with the standard Aero, but ...
20h
on MSN
The best deals from REI, Nike, Amazon and more ahead of Memorial Day
One of our favorite Nike tennis shoes to date has to be the Air Max 90. Featuring plush cushioning, a foam midsole and a ...
1d
Weak HR, intimidation, inappropriate touching among top Nike complaints
Vulgarity was also among the repeated complaints made by female Nike employees in a self-administered 2018 survey according ...
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