Nike to cut 1,400 jobs globally as ‘Win Now’ turnaround plan gathers pace
Mint·4h ago·Neutral
What Happened
Nike is eliminating approximately 1,400 positions, under 2% of its global workforce, primarily affecting technology roles in international operations. The cuts support Nike's 'Win Now' recovery plan aimed at restructuring the tech department, upgrading manufacturing facilities, and streamlining supply chain operations. CEO Elliott Hill leads Nike's broader turnaround effort following years of declining revenue.
Key Entities
Nike Inc.Elliott HillVenkatesh AlagirisamyWin Now recovery plan1,400 job cuts