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Nike (NYSE:NKE) has begun laying off employees in its technology division, the company confirmed to Reuters. While the number of affected workers remains undisclosed, the sportswear giant stated that some
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GlobalData on MSNBath & Body Works appoints former Nike executive as CEOThe retailer has re-affirmed its initial full-year guidance for 2025 with expected net sales growth between 1% and 3%.
Nike, Inc. has confirmed to Reuters and Bloomberg that it plans to lay off employees in its technology division. The shake-up follows leadership changes and layoffs that CEO Elliott Hill implemented as part of his turnaround plan to profitability.
NEW YORK] Nike is downsizing its technology division and letting go of some employees as management resets priorities. Read more at The Business Times.