Nike Cutting 7-10% of Workforce as Part of Reorganization
October 8, 2020
Nike CEO John Donahoe sent a letter to employees in June where he wrote the company would overhaul its management structure that would likely result in job cuts. Nike has already laid off more than 100 vice presidents over the summer, and in a note to investors, its overall job force will be reduced by 7% to 10% once the reorganization is complete. Read more on Front Office Sports.