Nike, the US sportswear giant, has laid off 40% of its senior staff, including vice presidents and higher roles, in its latest round of job cuts. The layoffs are part of Nike’s efforts to reduce costs amid financial challenges, such as declining sales and a drop in shareholder value. The company plans to eliminate 740 jobs at its Oregon headquarters by June 28 as part of a broader restructuring initiative to save $2 billion over three years.
This post was last modified on 10 July 2024 11:30 am
Recently, the Telangana government's body HYDRAA demolished actor Nagarjuna's N-Convention in Hyderabad, saying that it…
It is an established fact that the NDA government at the center has been contemplating…