Nike

Beaverton, OR
https://www.nike.com/
Retail

Layoff Date:

March 18, 2021

Laid Off Employees:

Laid Off Percent:

Source: Layoff List Tip
The third-quarter earnings reported by Nike Thursday afternoon were mixed -- a drop in revenue but dramatic increases in digital sales -- as the retailer struggled with challenges from the pandemic. But bad news seemingly was about to follow when just a few hours later it was reported that the company also made a round of layoffs. The layoffs were not mentioned in the company's earnings release, but its hometown newspaper, The Oregonian, and the paper's website Oregon Live reported about five hours after the financial announcements that Nike instituted an "unspecified number of recent layoffs" in an effort to build a "flatter, nimbler company." FOX Business reached out to Nike for comment regarding the reported layoffs but is still awaiting a response. These latest cutbacks were in addition to moves the company announced last year to shave 700 employees off its payroll.
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