Nike plans to cut jobs in digital push

The planned layoffs come after the company on Thursday reported a $790 million (£637 million) quarterly net loss, its first in more the two years, as its wholesale business bore the brunt of footwear retailers and department stores shutting down due to the coronavirus outbreak."We are shifting resources and creating capacity to reinvest in our highest potential areas, and we anticipate our realignment will likely result in a net loss of jobs," Nike said in an e-mail statement.Chief Executi