Nike announces 1,400 job cuts as sales lag
Sportswear giant Nike announced it's cutting about 1,400 jobs in its operations division, mostly tech workers. Sales lag, especially in China.
ORIGINAL SOURCE →via UPI Top News
ADVERTISEMENT
⚡ STAY AHEAD
Events like this, convergence-verified across 689 sources, land in your inbox every Sunday. Free.
GET THE SUNDAY BRIEFING →RELATED · CN
- [ENERGY] The anatomy of China’s nuclear surge | DW News
- [TECH] US crackdown threat could shake out China’s ‘distillation’ AI copycats
- [CONFLICT] US, EU Reach Critical Minerals Deal to Weaken China’s Grip
- [TECH] Huawei, DeepSeek strengthen China’s AI self-reliance with collaboration on V4 model
- [ENERGY] China eyes near-100% electric trucks to secure energy security, cut emissions
- [FINANCE] China’s new online marketing rules tighten ban on crypto promotions