When Elliot Hill took over as Nike’s CEO, he knew the company was struggling, but one moment apparently made it clear just how bad things had become.
The full list of major US companies slashing staff this year, including Meta, ExxonMobil, and Boeing
"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 ...
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