Getty Images/Leon Neal Nike has begun mass layoffs of about 1,600 employees, President and CEO John Donahoe said in a Thursday company-wide email obtained by WFAA.
“This is a painful reality and not one that I take lightly,” Donahoe, who is also the chairman of PayPal, announced . “We are not currently performing at our best, and I ultimately hold myself and my leadership team accountable.”
The first round of firings took place on Friday and will continue through the end of May. Ultimately, two percent of Nike employees are set to be laid off.
As one of the largest employers in the U.S. Pacific Northwest, Nike has more than 15,500 workers in the Portland, Oregon, and Southwest Washington State area — as well as 83,000 worldwide .“In December, the company announced a $2 billion cost-cutting and restructuring strategy, signaling that there may be layoffs,” the ABC affiliate reported, speculating that the […]
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