Nike Layoffs 2024 Chicago – Nike announced it will cut costs by $2 billion over the next three years on Thursday, including layoffs, amid a “softer second-half revenue outlook” for early 2024. The shoe manufacturer said . In small business organizations, the layoffs will be 28% in 2024. The athletic-wear giant Nike tops the list, which announced its up-to-$2 billion cost-cutting initiative that will collectively go .

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Nike Layoffs 2024 Chicago Nike Plans to Cut $2 Billion in Costs; Layoffs Imminent as : Nike recently said in a statement that the company is cutting hundreds of jobs in December 2023, just as recession fears had begun to cool down. The wave of layoffs in 2023 has not been kind to . Nike shares plummeted Friday, the morning after it reported weak revenue growth and a $2 billion restructuring plan that includes major layoffs. Share prices for Nike (NYSE: NKE) were down about .