Nike has announced significant layoffs of employees at its global headquarters. Nike’s headquarters are located in Beaverton, Oregon, and the layoffs will affect 740 employees. Nike will lay off a total of 1600 workers across all of the company’s locations, and the cuts will reduce the company’s workforce by two percent. The layoffs will go into effect in late June. Nike states that the layoffs are due to profits that were lower than projected, which is largely because of fewer online sales. Making changes to the size of Nike’s workforce will allow the company to be in the best position for future growth. The last time that Nike made significant layoffs was in 2017, and the company cut over 1400 positions.
See "Nike to lay off two percent of workforce, most cuts occurring at Nike global headquarters", Kyra Buckley, Oregon Public Broadcasting, April 19, 2024