Employees of Nike’s ailing Converse brand have been told to work from home this week ahead of a round of layoffs, according to a Bloomberg report. The struggling brand also is expected to be ...

The Converse brand, known mainly for its popular Chuck Taylor canvas sneakers, has been a weak spot for Nike as it tries to regain its footwear industry dominance.

Converse's sales fell 30% in Nike's most recent earnings report.

Companies such as Amazon and Citi have said they're trimming staff this year. Pinterest, for one, cited AI as a factor in its decision to shed less than 15% of its workforce. See the list of companies ...

That Portland has become a laughingstock in one of the country’s more progressive magazines is a sign of the city's troubles.