Nike plans job cuts under sweeping restructuring plan

Nike plans to cut jobs as part of a sweeping overhaul designed to make the athletic apparel giant "more agile, efficient and athlete-focused," CEO Elliott Hill said Thursday.In a memo to employees, Hill said the restructuring "will result in fewer roles across Nike" as the company reorganizes its business, though he did not say how many positions would be eliminated."I want to acknowledge that news like this creates uncertainty. I don't take that lightly," Hill said. "Throughout this process, we