Nike to Lay Off 1,600 Employees After Stock Dip and Woke Drama
Nike has begun mass layoffs of about 1,600 employees, President and CEO John Donahoe said in a Thursday company-wide email obtained by WFAA.
John Donahoe
SHOCKING: Nike Exec. Larry Miller Admits to Murdering Teen, Receives Praise From Nike, CEO
In a shocking interview, Nike’s Jordan brand chairman admitted to murdering a teenager decades ago and described receiving support and praise from the company and others in the aftermath of the gruesome revelation, with Nike stating that it is “proud” of Miller “and the hope and inspiration his story can offer.”
Nike CEO: We Haven’t Been More Vocal on China’s Abuses Because ‘China’s a Very Important Market’
On Thursday’s broadcast of CNBC’s “Closing Bell,” Nike CEO John Donahoe responded to a question on why Nike hasn’t been more vocal on human rights issues in China by stating that they participate “in sport all over the world, including
Nike Exec Assures China: ‘Nike Is a Brand That Is of China and for China’
Nike CEO John Donahoe rushed to reassure China’s communist rulers that Nike is a brand that is “of China and for China.”
Report: Nike Executive Says Former VP Showed ‘Poor Judgement’ Regarding Son’s Resale Business
Nike CEO John Donahoe reportedly commented on former vice president Ann Hebert’s recent resignation in a meeting Monday with the company’s North America team.
Report: Nike to Cut 7-10% of Workforce Due to Reorganization
The layoffs that were announced for Nike over the summer, have begun to pickup speed in recent days.
Nike Announces Job Cuts as Part of Shift to Digital Sales
Nike announced on Wednesday that they will be cutting jobs due to the impact the coronavirus has had on their business. In addition, the sports apparel giant will shake up its leadership team as the company attempts to adjust to the changes COVID-19 has brought to their business.
