Nike to cut jobs as part of cost-saving measures
Global sportswear giant Nike will cut nearly 2% of its total workforce as it looks to reduce costs after predicting slowing demand and “softer” sales in the second half of the year.
The move is likely to affect more than 1,600 jobs and is part of its wider plan of achieving $2bn (£1.6bn) in cost savings over the next three years, as outlined in Nike’s most recent results.
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