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	<title>Nike layoff Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News</title>
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		<title>Nike cuts 1,500 employees as the company&#8217;s profit plummets</title>
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		<pubDate>Mon, 19 Feb 2024 07:44:40 +0000</pubDate>
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		<category><![CDATA[Nike layoff]]></category>
		<category><![CDATA[restructuring move]]></category>
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					<description><![CDATA[<p>Heaptalk, Jakarta — United States sports brand Nike announced to cut about 1,500 employees, approximately 2% of its workforce. The company was forced to carry out layoffs to reduce operational expenses after encountering a decline in its profits. This sports brand is also prepared to experience a decrease in demand for necessities, such as clothing and [&#8230;]</p>
<p>The post <a href="https://heaptalk.com/feature-news/nike-cuts-1500-employees-as-the-companys-profit-plummets/">Nike cuts 1,500 employees as the company&#8217;s profit plummets</a> appeared first on <a href="https://heaptalk.com">Stay Ahead with Heaptalk: Your Go-To Source for Business News</a>.</p>
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