Posted on 02/17/2024 3:03:12 PM PST by ChicagoConservative27
Nike is laying off 2% of its corporate workforce as it contends with weaker consumer spending.
'The actions that we’re taking put us in the position to right-size our organization to get after our biggest growth opportunities as interest in sport, health and wellness have never been stronger," Nike said in a statement to FOX Business.
Starting Friday, more than 1,600 positions will be cut as the company tries to increase its investment in high-priority areas such as running, women's clothing and its Jordan brand, CEO John Donahoe told employees, according to a memo seen by The Wall Street Journal.
(Excerpt) Read more at fox32chicago.com ...
That explains why the MLB jerseys are so cheap this year.
Some Nike executive is going to get a $100M bonus for coming up with this brilliant plan.
Are they still paying Kaepernick over $20 million annually to hate on America and cry “Racism!!!”
The most horrible company I’ve ever provided services to. I mean incompetent, arrogant, clueless, nitwits, that have no idea what they are doing besides “optics”. Their 9,000% margins pay for everything. They have no idea what’s eventually coming for them. Waste, waste, waste, and optics.
Tiger Woods Leaves Nike and 2% get laid off…. Just saying……
Woke Bidenomics
Bye
Wholly crap. If my Jethro Bodine ciphering is right, that means Nike has 84,000 office paper pushers to sell their Sportswear. Seems to me they have a lot more fat to go.
Nike gave them the boot?...................
That’s lot of unemployed 6-year-old Indonesians running around un-supervised.
The growing list of companies laying people off indicates that they know something the government doesn’t want us to know. The administration keep pumping out bogus happy numbers.
One would hope that more men would find enough pride in themselves that they didn’t have to wear another man’s name across their shoulders. But pop culture sheep are gonna pop culture sheep.
Had a shoe literally fall apart so I sent it back to the company for replacement—they returned it!!! Nerver bought another Nike product since. Their products are crap.
People seem to like wearing conspicuous logos. I can understand why pro’s do it; they’re getting paid big bucks for it. But the average person get’s nothing for parading around like a human billboard.
Self esteem
I am somebody
Nike: Our sales have never been stronger nor our optimism higher, so we’re laying off 10,000 child slave laborers. Seig heil!
Way back Nike took over Bauer a manufacturer of excellent Mickey skates and equipment was skating at the time 4-5x /week o the ice -12–15 hrs. Had to buy new skates after Nike took over. Had to replace within 8 months where pre Nike takeover lasted 3.5 years
Estee Lauder is cutting 3% to 5% of its global workforce as part of a restructuring program that aims to increase profits and become more nimble in a challenging international environment.(AP)
Denim giant Levi Strauss & Co. said Thursday that it’s slashing its global corporate workforce by 10% to 15% in the first half of the year as part of a two-year restructuring plan that seeks to cut costs and simplify its operations. (AP)
The biggest layoffs in 2023 were at big-name companies, including Amazon (27,410 workers) Meta, which owns Facebook and Instagram (21,000), Google (12,115) and Microsoft (11,158).
But so far in 2024, over 34,000 employees have been laid off among more than 140 tech companies, according to layoffs.fyi. Some of the big names this year include Snap, which owns SnapChat, Zoom, PayPal, Salesforce, Microsoft, eBay, TikTok, Wayfair, Google, Discord, Audible and Rent the Runway. (Nasdaq)
On Feb. 13, the TV network giant Paramount announced it was laying off 3% of its staff. (Nasdaq)
On Feb. 14, Cisco, a networking hardware and software tech company, announced it plans to lay off 5% of its workforce as part of its restructuring plan. The cuts will impact more than 4,000 workers globally. (Nerd wallet)
Scroll down for layoff announcements over the last 2-3 months
Will there be less shoes to shoplift?
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