business
Nike announces job cuts as part of sweeping overhaul
The company is cutting jobs and reorganizing its global operations as CEO Elliott Hill pushes to revive growth after weak sales, particularly in China.
Nike plans to cut jobs as part of a sweeping overhaul designed to make the athletic apparel giant "more agile, efficient and athlete-focused," CEO Elliott Hill said Thursday.
In a memo to employees, Hill said the restructuring "will result in fewer r... [3048 chars]
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