Nike will shift some work to third-party vendors, the representative said in an email, adding that the changes were announced last week.

Nike CEO shuffles leadership, names a new president and splits responsibilities for direct oversight to focus on business objectives and avoid continued controversies.

Sportswear retailer Nike is laying off some of its employees in its technology division, a company representative told Reuters on Monday.

This decision arrives on the heels of notable leadership changes implemented by CEO Elliott Hill, who stepped into the role last year.

Snowflake posts better-than-expected earnings and issues guidance ahead of analysts’ estimates, while shares of Lumen Technologies soar as AT&T will buy Lumen’s mass markets fiber business for $5.75 billion.

Following a temporary easing of the tit-for-tat trade war, Nike Inc. (NKE) has seen a modest rebound from its 52-week lows in April. As a company heavily reliant on overseas manufacturing, Nike remains particularly sensitive to tariff policy.

Once Nike’s first chief sustainability officer ... saw a feeding frenzy of sustainability commitments being made by a growing number of business leaders, though often with little real ...