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Coverage dated February 15, 2024 to February 17, 2024

Nike cutting 1,600 jobs to cut costs

Headline from KTVU San Francisco, from the development of Feb 16, 2024

Newest development Feb 18, 2024 · 2 reportsJust Cut It: Nike Lays Off 1,700 Employees

Nike is laying off 2% of its corporate workforce as it contends with weaker consumer spending.

KTVU San Francisco's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Developments in this update

2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.

  1. Names this update

    Nike cutting 1,600 jobs to cut costs

    Headline from KTVU San Francisco ·

  2. Newest

    Just Cut It: Nike Lays Off 1,700 Employees

    Headline from Black Enterprise ·

Read the reports

Reports & sources

34 articles, oldest first.

  1. The Republic

    Nike to cut 2%, or 1,600 jobs, as athletic wear giant cuts costs and reinvests in areas like health (opens The Republic)

    Published

    The Republic's feed description

    NEW YORK (AP) — Nike is cutting 2% of its global workforce, or little over 1,600 jobs, as the athletic wear giant aims to cut costs and reinvest its savings into what it sees as big growth areas like sport, health and wellness.

  2. KTVZ Bend

    Nike is cutting about 1,700 jobs (opens KTVZ Bend)

    Published

    KTVZ Bend's feed description

    By Olesya Dmitracova, CNN London (CNN) — Nike will lay off about 2% of its employees, or close to 1,700 people, as the sportswear behemoth looks to cut as much as $2 billion in costs. “The actions that we’re taking put us in the position to right-size our organization to get after our biggest growth

  3. CNN

    Nike layoffs: Sportswear giant is cutting about 1,700 jobs (opens CNN)

    Published

    CNN's feed description

    Nike will lay off about 2% of its employees, or close to 1,700 people, as the sportswear behemoth looks to cut as much as $2 billion in costs.

  4. NBC Los Angeles

    Nike to lay off 2% of employees, cutting more than 1,500 jobs during broad restructuring (opens NBC Los Angeles)

    Published

    NBC Los Angeles's feed description

    Nike is cutting 2% of its current workforce, or more than 1,500 jobs, as it looks to redeploy its resources amid a broad restructuring.

  5. The Oregonian

    Nike to lay off 2% of global workforce, CEO tells employees (opens The Oregonian)

    Published

    The Oregonian's feed description

    The number suggests the footwear company could eliminate more than 1,500 jobs.

  6. FOX Business

    Nike cutting 1,600 jobs to cut costs: report (opens FOX Business)

    Published

    FOX Business's feed description

    Nike is cutting 2% of its corporate workforce as it looks to streamline its operation after seeing weak consumer spending in recent months.

  7. KTVU San Francisco

    Nike cutting 1,600 jobs to cut costs (opens KTVU San Francisco)

    Published

    KTVU San Francisco's feed description

    Nike is laying off 2% of its corporate workforce as it contends with weaker consumer spending.

  8. Sioux City Journal

    Nike laying off nearly 1,700 jobs as athletic wear giant slashes costs, reinvests in areas like health (opens Sioux City Journal)

    Published

    Sioux City Journal's feed description

    Nike is cutting 2% of its global workforce, or a little over 1,600 jobs, as the athletic wear giant aims to cut costs and reinvests its savings into what it sees as big growth areas like sport, health and wellness.

  9. Arkansas Democrat-Gazette

    Nike cutting 1,600 jobs as sales decline (opens Arkansas Democrat-Gazette)

    Published

    Arkansas Democrat-Gazette's feed description

    NEW YORK -- Nike is cutting 2% of its global workforce, or a little over 1,600 jobs, as the athletic wear giant aims to cut costs and reinvest its savings into what it sees as big growth areas like sport, health and wellness.

  10. Black Enterprise

    Just Cut It: Nike Lays Off 1,700 Employees (opens Black Enterprise)

    Published

    Black Enterprise's feed description

    Nike is paying attention to to the retail trends and hopes the layoffs will save $2 billion in costs over the next three years.

  11. Breitbart News

    Nike to Lay Off 1,600 Employees After Stock Dip and Woke Drama (opens Breitbart News)

    Published

    Breitbart News's feed description

    Nike has begun mass layoffs of about 1,600 employees, President and CEO John Donahoe said in a Thursday company-wide email obtained by WFAA.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

Nike cutting 1,600 jobs to cut costs | Since Then