Nike Layoffs: 1400 Jobs Cut in Tech Department

Nikes COO announces layoffs of 1,400 roles, primarily in tech, as part of their Win Now turnaround plan. This includes reshaping tech teams, updating manufacturing, and streamlining supply chains. The cuts follow previous rounds and are part of Nikes push for profitable growth amidst slumping sales, including a projected 20% drop in China. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/00f1adc58364bf9d

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