Nike cuts 1,400 more jobs in second layoff round this year
As part of its second wave of layoffs in 2024, Nike will be terminating 1,400 more employees, mainly in technology positions. This decision impacts personnel throughout North America, Asia, and Europe, accounting for under 2% of the company’s total global workforce. This action is part of a larger initiative aimed at optimizing operations and focusing investments on areas with significant growth potential.
Key facts
- Nike is cutting 1,400 more jobs.
- The layoffs are mostly in technology.
- This is the second round of layoffs this year.
- Affected employees are in North America, Asia, and Europe.
- The cuts represent less than 2% of Nike's global workforce.
Entities
Institutions
- Nike
Locations
- North America
- Asia
- Europe
Sources
- Quartz —