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Nike Forecasting "Low Single-Digit" Revenue, Cuts Another 740 Jobs by The End of June

Seven hundred forty employees will be laid off in two rounds by June 28, after a 2% workforce reduction was confirmed in February. Read more.

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Canada Goose Realigning Priorities, Cuts 17% Workforce as Consumers Pull Back on Discretionary Spending

Canada Goose Realigning Priorities, Cuts 17% Workforce as Consumers Pull Back on Discretionary Spending
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Canada Goose Realigning Priorities, Cuts 17% Workforce as Consumers Pull Back on Discretionary Spending

CEO Dani Reiss announced a team realignment to optimize corporate resources for the company's next phase of growth across various regions, categories, and distribution channels. Read more.

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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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Quick Rundown on What Happened to Tech Giants Over Holidays: From Layoff to Labor Notices

As we bid goodbye to 2023, here's a summary highlighting the notable developments in Tech Giants’ work. Read more.

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Nike Trims Expenses in December, Initiates Job Cuts to Enhance Automation and Save Costs

Nike is implementing layoffs and investing $450 million in restructuring and severance to streamline its U.S.-based sports apparel organization. Read more.

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