Nike has begun mass layoffs of approximately 1,600 employees, President and CEO John Donahoe announced during a company-wide conference Thursday. Email Retrieved by WFAA.
“This is a painful reality, and one we don’t take lightly,” said Donahoe, who is also PayPal’s chairman. announced. “We are not performing at our best right now, and ultimately I hold myself and my leadership team responsible.”
The first shooting will take place on Friday and will continue until the end of May. Ultimately, 2% of Nike employees will be laid off.
One of the largest employers in the Pacific Northwest, Nike has more than 15,500 employees in the Portland, Oregon, and Southwest Washington regions. 83,000 worldwide.
An ABC affiliate reported, “In December, the company announced a $2 billion cost-cutting and restructuring strategy and hinted at the possibility of layoffs,” speculating that the job cuts would be at its Oregon headquarters. did.
Donahoe said the layoffs will not affect store or distribution center employees.
“Nike has a proud history of how the most difficult moments bring out the best in individuals and teams,” he said. “We know we will come together again to respond and are confident in our future.”
After Yana Panafilio, a 29-year Nike veteran, left, she co-founded a support group for other former employers. According to Panafilio, 6453 graduates A resource for those who have been or will be laid off at a sports apparel company.
“We’re here to support Nike as a landing pad for people who are leaving the brand to move on to the next brand,” she said.
“A disproportionate number of former Nike employees are starting their own companies. They want talent, and they want customers,” she added. “So depending on what they want to do or what kind of help they need, we have the resources to help them.”
The business move comes after the hyper-aware sportswear giant’s stock price plummeted. fall down Breitbart News reported at the time that it made more than 10% in December after news broke that the company was looking to cut a whopping $2 billion from its budget.
Shortly after, golf legend Tiger Woods Ended his 27 year contract Launch your own brand in cooperation with Nike apparel line.
Nike has appeared many times in recent years at the center of the April 2023 “woke” ideological drama. Sign Transgender TikToker dylan mulvaney For modeling sports bras and leggings.
