Name: Nike announces hundreds of layoffs in $2B cost-cutting plan
Uploaded: 2024-02-17T01:20:37Z
Channel: TEGNA

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Nike announces hundreds of layoffs in $2B cost-cutting plan

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The company said it will cut 2% of its workforce as sales continue to slump. Roughly 1,600 people will lose their jobs. Read more: https://www.kgw.com/article/money/business/nike-announces-lay-off-employee-layoffs/283-f26227f3-7beb-44f6-9bf4-9066213ae8bf Subscribe: https://www.youtube.com/c/KGWNews8 Watch the latest KGW newscast: https://www.kgw.com/watch Get the KGW app: https://kgw.com/appredirect

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local business money news nike layoffs

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