Four Nike tech recruiters said Tuesday in posts to LinkedIn that they were laid off. AP Photo/Julia Nikhinson 2023-02-28T20:14:12Z Share. Facebook Email X LinkedIn Copy link. An icon in the ...

Nike has laid off a “limited number” of employees on its Global Tech team, a company spokesperson confirmed to Retail Dive Tuesday. The departures were the result of changes announced last ...

Nike will shift some work to third-party vendors, the representative said in an email, ... Nike lays off tech staff following weak Q4 forecast. Chandni Shah and Nicholas Brown.

At the end of 2023, Nike announced a $2 billion cost-cutting and restructuring strategy that resulted in 740 layoffs at Nike world headquarters in Beaverton.

Nike Direct revenues came in at $4.7 billion, falling 12%, while Wholesale clocked $6.2 billion, down 7% from a year ago. Gross margin narrowed to 41.5%, a decline of 330 basis points.

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