Feb. 16 (UPI) --Nike said late Thursday it's laying off more than 1,500 people, 2% of its workforce, in what the company described in an internal email memo from CEO John Donahue as a restructuring.

"We are seeing indications of more cautious consumer behavior around the world," Nike Chief Financial Officer Matt Friend said in December. On January 10, Google laid off hundreds of workers in ...

Nike has struggled since deciding in 2020 to pivot away from third-party retailers. In February, less than two months after announcing sweeping cost cuts, it said it would lay off two per cent of ...