Nike cuts 1,400 roles in second round of layoffs this year
People stroll previous a Nike retailer in New York City, on April 2, 2025. Kylie Cooper | Reuters Nike introduced a brand new round of layoffs Thursday affecting roughly 1,400 staff throughout the group, largely concentrated in its expertise division. In a notice from COO Venkatesh Alagirisamy, the corporate mentioned the layoffs have been half…