Nike Layoffs: US-Based Sportswear Company Fires 40% of Its Senior People Including Vice Presidents and Higher Roles in Its Latest Round
Nike announced its latest round of workforce reduction which affected around 40% of the senior positions including vice presidents (VPs) and or higher roles. The latest round of Nike layoffs was implemented as the company faced financial difficulties.
Eugene, July 9:슬롯 머신 사이트 추천Nike has implemented a new round of슬롯 머신 사이트 추천job cuts, which affected around 40% of the company's top positions. After last month, when the sportswear슬롯 머신 사이트 추천company laid off employees from European headquarters, this marks its latest round affecting more people. The Nike layoffs hit슬롯 머신 사이트 추천those working as vice president or in higher슬롯 머신 사이트 추천positions.슬롯 머신 사이트 추천This year is not short of layoffs as many companies have adopted슬롯 머신 사이트 추천different strategies to reduce costs and restructuring by letting go of employees.
Last month, the Nike layoffs were limited to the staff working in the Netherlands. However, the company let슬롯 머신 사이트 추천the people go amid cost-cutting measures and improvement of its performance. ABP Live recently슬롯 머신 사이트 추천 that around 40% of the senior positions슬롯 머신 사이트 추천were슬롯 머신 사이트 추천affected by the latest슬롯 머신 사이트 추천round of workforce reduction. It also said that the sportswear슬롯 머신 사이트 추천company had hired around 423 people as vice presidents슬롯 머신 사이트 추천or in higher positions슬롯 머신 사이트 추천in its report for fiscal year 2023.슬롯 머신 사이트 추천Paramount Layoffs: Entertainment Company To Continue Job Cuts Until Skydance Deal Closes, Says Report.
The report슬롯 머신 사이트 추천highlighted that Nike had been facing major financial difficulties, which caused it to reduce some of its workforce. The슬롯 머신 사이트 추천company슬롯 머신 사이트 추천reportedly fired슬롯 머신 사이트 추천732 senior people in its latest round, including 32 vice presidents, 112슬롯 머신 사이트 추천senior directors, and 174 directors. Nike's latest슬롯 머신 사이트 추천corporate슬롯 머신 사이트 추천responsibility report for the fiscal year 2023슬롯 머신 사이트 추천said that the company had appointed 423 people슬롯 머신 사이트 추천as슬롯 머신 사이트 추천VPs or in슬롯 머신 사이트 추천higher roles.슬롯 머신 사이트 추천
Besides the layoffs, the report said that슬롯 머신 사이트 추천the sportswear슬롯 머신 사이트 추천company also suffered from슬롯 머신 사이트 추천poor stock performance. The슬롯 머신 사이트 추천company witnessed its share price fall슬롯 머신 사이트 추천from USD 2.38 to USD 73.05, a 52-week low of USD 73. In November, it was USD 177. Nike슬롯 머신 사이트 추천said it expected슬롯 머신 사이트 추천that sales would further decline in the upcoming year, which슬롯 머신 사이트 추천negatively슬롯 머신 사이트 추천resulted in a massive loss of USD 28 billion in shareholders' values in the last슬롯 머신 사이트 추천10슬롯 머신 사이트 추천days.슬롯 머신 사이트 추천Layoffs 2024: US-Based Westgate Resorts Announced To Lay Off 357 Workers To Streamline Operations.
The report said the job cuts would be implemented at the company's global headquarters in Oregon. The슬롯 머신 사이트 추천sportswear company had been following this plan since its슬롯 머신 사이트 추천previous announcement in February, which said that슬롯 머신 사이트 추천around 2% of its total workforce would be슬롯 머신 사이트 추천affected by Nike슬롯 머신 사이트 추천layoffs.슬롯 머신 사이트 추천This 2% of the workforce equals around 1,600슬롯 머신 사이트 추천jobs.슬롯 머신 사이트 추천슬롯 머신 사이트 추천
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