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Nike Announces Layoffs of About 1,400 Employees to Streamline Workflows
Nike has announced it is laying off approximately 1,400 employees as part of efforts to streamline workflows. The sportswear company is addressing a sales slump that has persisted for years. The layoffs are intended to improve operational efficiency amid ongoing sales challenges.
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Nike stated it is laying off about 1,400 people to streamline workflows. The company, a major sportswear producer, is responding to a sales slump that has lasted for years. This move comes as Nike seeks to adjust its operations in the face of reduced sales.
The layoffs affect approximately 1,400 employees, according to the company's announcement. Nike described the action as a step to streamline workflows. No specific departments or locations were detailed in the statement.
Nike has been experiencing a sales slump over multiple years, as reported. The company aims to address these challenges through workforce adjustments. Further details on the impact to employees or future plans were not provided.
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