Nike's Converse brand reduces global workforce by 2% as part of parent company's $2B cost-saving plan.
Nike's Converse brand is implementing job cuts as part of parent company Nike's $2 billion cost-saving plan. This includes a 2% reduction of the global workforce, with layoffs affecting the Oregon headquarters in two phases. Converse, which operates its own product development, supply chain, and marketing, has confirmed that changes to the workforce are part of Nike's overall 2% reduction plan.
May 14, 2024
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