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Nike Pointing to a Weaker Consumer Demand, Axes 1,500 Jobs in a Broad Restructuring

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. ....

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Nike To Layoff Employees, Amidst Tepid Sales

In the midst of the Covid-19 pandemic in 2020, Nike had fired 700 employees in an effort to cut costs during the global lockdown. ....

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Layoffs 2023: Nike to cut hundreds of jobs in December

Nike recently said in a statement that the company is cutting hundreds of jobs in December 2023, just as recession fears had begun to cool down. ....

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Nike Layoffs: Jobs Cut Impacted Workers Write About â€˜Unexpected Life Eventâ€™ on LinkedIn

"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. ....

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