Nike plans to cut about 1,750 jobs around the world - about 5% of its global workforce. Bloomberg says the cuts include 500 jobs at Nike's headquarters in Beaverton, Oregon.
The cuts amount to 5 percent of Nike's workforce of 35,000, the company said in an e-mailed statement today. About 500 positions will be eliminated at its Beaverton, Oregon, headquarters. Employees will be notified in the coming weeks.
The company said in February that it may eliminate as many as 1,400 jobs, or 4 percent of staff, to trim labor, manufacturing and sales costs. Nike aims to cut spending by $200 million, starting in the first quarter of the fiscal year that starts in June, Chief Financial Officer Don Blair said last month. Sales fell 2 percent in the quarter ended Feb. 28, hurt by the stronger U.S. dollar.
The Beaverton Valley Times has a story about the 500 job cuts at Nike's headquarters in Beaverton, Oregon.
