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Nike announces roughly 1,400 layoffs in latest round of cuts

Roughly 1,400 people across Nike's Global Operations team will be laid off, the company announced Thursday.In a memo to employees, Chief Operating Officer Venkatesh Alagirisamy said the cuts will primarily affect Nike’s technology division and span North America, Asia and Europe, representing just under 2% of the company’s global workforce."This is not a new direction," Alagirisamy wrote. "It is the next phase of the work already underway."The announcement follows a series of recent job cuts as Nike restructures its operations.NIKE’S DIVERSITY INITIATIVES UNDER EEOC SCRUTINY FOR ALLEGED DISCRI...