Nike, Spotify, Lidl: Everything that matters this morning
Nike slashes 1,400 jobs globally
Nike is to cut 2% of its global workforce, approximately 1,400 jobs, as it looks streamline its organisational structure.
The US sportswear giant is also planning to consolidate its product lines by slashing the number of styles its produces by 25%.
The changes coincide with the introduction of Nike’s “Consumer Direct Offense”, a new structure focused on using digital to drive growth amongst consumers in 12 key cities including New York, Lo
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