Nike to lay off 1,500 employees amid restructuring.
The job cuts amount to roughly 2% of the sneaker company's total workforce and will occur in two phases between now and the end of May. The reductions are part of a broader restructuring plan that Nike hopes will help it save at least $2B over the next three years so it can invest in its growth areas, which include women's shoes and the Jordan line.
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SOURCE: 1440 News
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