Global economic recession: Nike will layoff 1400 employees
News on February 18: U.S. sporting goods giant Nike (Nike) that in response to a serious global economic recession, Nike will layoff 1400 employees.
Nike pointed out that the layoff was one part of corporate restructuring plan, including re-examine the entire production line from procurement to retail. Nike Inc., established in the United States, Oregon, the layoffs account for about 4% of its 35,000 employees.
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