Nike to lay off at least 500 workers at corporate headquarters

Nike to lay off at least 500 workers at corporate headquarters

bizjournals

Published

Nike Inc. on Thursday said it will lay off at least 500 workers at its headquarters just outside Portland, Oregon. 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…

Full Article