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Nike to lay off at least 500 workers at corporate headquarters
Matthew Kish7 hours ago
Nike Inc. on Thursday said it will lay off at least 500 workers at its headquarters in Washington County (pictured).
Cathy Cheney
Nike Inc. on Thursday said it will lay off at least 500 workers at its Washington County headquarters.
The company said layoffs will begin on Oct. 1, according to a mass layoff notice filed with the state. The layoffs include the closure of Nike's child care center and 192 associated jobs.
Last week, Nike said it will incur between $200 million and $250 million in employee termination costs as part of a restructuring meant to streamline the company and accelerate its focus on direct sales.
In the notice filed with the state, Nike said the layoffs will apply to workers on its Corporate Leadership Team and its executive assistants, but it did not provide detailed information about job titles.
The layoffs were first announced in an internal memo by new CEO John Donahoe last month after the company reported a $790 million quarterly loss attributable to the Covid pandemic.
Nike repeatedly has said the layoffs are not connected to the company's recent financial performance, but rather reflective of efforts to make the company more nimble and ramp up its focus on digital and direct sales.
Nike employs 75,400 worldwide, including 12,800 at its headquarters, according to an annual report filed last week.
Matthew Kish7 hours ago
Nike Inc. on Thursday said it will lay off at least 500 workers at its headquarters in Washington County (pictured).
Cathy Cheney
Nike Inc. on Thursday said it will lay off at least 500 workers at its Washington County headquarters.
The company said layoffs will begin on Oct. 1, according to a mass layoff notice filed with the state. The layoffs include the closure of Nike's child care center and 192 associated jobs.
Last week, Nike said it will incur between $200 million and $250 million in employee termination costs as part of a restructuring meant to streamline the company and accelerate its focus on direct sales.
In the notice filed with the state, Nike said the layoffs will apply to workers on its Corporate Leadership Team and its executive assistants, but it did not provide detailed information about job titles.
The layoffs were first announced in an internal memo by new CEO John Donahoe last month after the company reported a $790 million quarterly loss attributable to the Covid pandemic.
Nike repeatedly has said the layoffs are not connected to the company's recent financial performance, but rather reflective of efforts to make the company more nimble and ramp up its focus on digital and direct sales.
Nike employs 75,400 worldwide, including 12,800 at its headquarters, according to an annual report filed last week.
