Nike has quietly laid off employees over the past several weeks and on Wednesday signaled plans for a broad restructuring. Pictured, a Nike employee at the company's headquarters in 2018.

The market wasn't the only one rejoicing. In the wake of the announcements, several industry leaders - as well as current and former Nike employees - took to LinkedIn to share their excitement ...

Oregon's unemployment rate sits at 4.8%, higher than the national average of 4.1%, as the region's layoffs affect Intel, Nike ...

Nike has announced new measures to 'streamline' its organization with cuts totaling $2billion - and it might see some employees out of work. Officials did not say whether the cost-cutting effort ...

Amid a round of rolling layoffs, Nike sent an email to employees on Wednesday announcing a slew of promotions and some organizational changes. It didn’t mention the job cuts, which have touched ...

Nike employed around 83,000 workers worldwide in 2023, so approximately 1,674 employees would be laid off.

The announcement, first reported by Willamette Week, said the layoffs would not affect Nike stores or distribution centers. The message said the company isn’t performing at its best and it will ...

This announcement comes weeks after Nike implemented a round of layoffs and an internal email that told Nike employees to expect various organizational changes.

Nike will shift some work to third-party vendors, the representative said in an email, adding that the changes were announced last week.

Nike analysts size up the CEO change at the company that was announced Thursday. The announcement comes ahead of quarterly earnings (Oct. 1) and an Investor Day (Nov. 19). Don’t miss this list ...

Nike's reputation tanked after its Olympic ad misfired. It also faces new challenges from XX-XY Athletics about supporting female athletes that has gone viral.

For the week, Nike stock is up more than 8% following the Oregon-based company’s announcement on Thursday that John Donahoe was stepping down as CEO.