US footwear and apparel company company Nike is giving pinkslip to 0.02 employees across all division due to financial crunch and may undergo reorganization. Nike laying off around 0.02% of their work force with various job titles across all department in US with business restructuring to get its business back on track.
Nike found in 2022 has speciality in Athletic Shoes, Apparel, Sports Equipment, Digital, Merchandising, Innovation, Technology, and Retail running by current CEO John Donahoe. Nike, Inc. is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. It is the world’s largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
There was no official communication to us from Nike but you can always refer Nike internal gossips and layoff news on our Nike discussion board.
As per company spokeperson to media, second phase of impacts is set to commence by June 28. This move comes after Nike announced a cost-saving initiative to trim $2 billion over the next three years in December. .
Nike Layoff Details in Brief
| Company | Nike |
|---|---|
| Location | US |
| employee laid off | 740 |
| % Laid off | 0.02 |
| Division | Across all |
| Date | 20-April |
0.02 Nike employees were laid off over the phone call/email without putting them into PIP (performance improvement plan), as per various media houses. This layoffs at Nike surely have a deep impact on the affected employees across all division. The main concerns about job security and employability, Nike employee may find themselves struggling with uncertainty and anxiety. However, it is important to note that layoffs are often a reflection of broader market forces rather than individual performance and we layoffnewz team wishes that all laid off employee will get alternative jobs soon.
You can connect with Nike Official website for more details about this layoff.
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