The cuts are happening as consumers spend more cautiously and the retail industry prepares for a decrease in demand for non-essential items like clothes and shoes, which are Nike's main products. Read more.
"I am open to work, and I need to be working for my family," he added. Reports also surfaced late last month that one of Vietnam s largest shoe manufacturers for major brands such as Nike and Adidas plans to cut at least 6,000 jobs due to poor orders. Nike Layoffs: Jobs Cut Impacted Workers Write About ‘Unexpected Life Event’ on LinkedIn.