Nike To Lay Off 1,400 Employees as Part of Global Restructuring

Nike announced it will lay off approximately 1,400 employees across its global operations team, with the majority of cuts affecting the technology division. The company stated the layoffs will span North America, Asia, and Europe, representing around 2% of Nike's global workforce.

Nike has announced the largest round of job cuts in its history, with the company laying off around 1,400 employees as part of its global restructuring efforts . The layoffs primarily affect the technology division and will take place across Nike's operations in North America, Asia, and Europe, representing just under 2% of the company's global workforce . The announcement comes after a series of recent job cuts as Nike aims to modernize its operations.

In January, Nike said it would cut 775 jobs as part of an automation push at distribution centers . This latest round of job cuts underscores Nike's efforts to adapt to shifting market conditions and increasing competition in the global retail landscape.

The news of the layoffs comes amid scrutiny of Nike's diversity initiatives, with allegations of discrimination against white workers . The company's decision to focus on restructuring and streamlining operations may help address concerns around efficiency and employee productivity.