Nike Lifts Headquarters Job Cuts to 700 From 500

Athletic-apparel juggernaut Nike  (NKE) – Get Report said Monday that it would cut 700 workers at its Beaverton, Ore., headquarters, instead of the 500 it planned.

The company made the report in a state workforce filing with Oregon. 

In July, Nike said a $200 million to $250 million companywide payroll reduction was coming, but it didn’t specify the numbers.

Nike had 75,400 workers as of May 31, down from 77,000 a year earlier, according to The Oregonian. About 13,000 people work at Nike headquarters, so the 700 cuts amount to 5.4%.

Source link

error: Content is protected !!

New Report