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flag Nike plans minor workforce cuts to refocus on core products and stores under new CEO.

flag Nike plans to cut less than 1% of its corporate workforce to sharpen its product lineup and strengthen retailer relationships under new CEO Elliott Hill. flag The focus is on reinvesting in running and sneaker lines and expanding physical store presence. flag This follows last year's cuts of over 1,600 jobs, or about 2% of its workforce, as the company adjusts to softer demand and shifts in global trade dynamics.

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