{"id":27200,"date":"2024-02-16T17:38:13","date_gmt":"2024-02-16T17:38:13","guid":{"rendered":"https:\/\/www.africa-press.net\/eritrea\/all-news\/nike-to-cut-2-of-global-workforce-amid-restructuring"},"modified":"2024-02-16T18:50:45","modified_gmt":"2024-02-16T18:50:45","slug":"nike-to-cut-2-of-global-workforce-amid-restructuring","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eritrea\/all-news\/nike-to-cut-2-of-global-workforce-amid-restructuring","title":{"rendered":"Nike to cut 2% of global workforce amid restructuring"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Eritrea. <\/strong><\/span>American athletic footwear and apparel corporation Nike will cut 2% of its global workforce amid a corporate restructuring plan.<\/p>\n<p>&#8220;We are not currently performing at our best, and I ultimately hold myself and my leadership team accountable,&#8221; CEO John Donahoe said Thursday in a memo to the employees. &#8220;This is how we will reignite our growth.&#8221;<\/p>\n<p>The layoff is expected to affect around 1,500 to 1,600 employees.<\/p>\n<p>The Oregon-based company said the job cuts will have two phases \u2013 the first round beginning this week, and the second by the end of May.<\/p>\n<p>Nike in December announced a plan to lower costs by around $2 billion over the next three years due to expectations of lower sales.<\/p>\n<p>Dozens of companies in the US, mostly in the technology sector, have been cutting jobs since the final quarter of last year as they struggle with lower income and falling advertisement revenue.<\/p>\n<p>Cisco, Instacart, Snap, DocuSign, Uber, Reddit, Disney, 3M, Amazon, Yahoo, Affirm, Zoom, Dell, IBM, Microsoft, Salesforce, PayPal, and Google&#8217;s parent company, Alphabet, have laid off workers by the thousands since the last quarter of 2023.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/eritrea\">Eritrea<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Eritrea. American athletic footwear and apparel corporation Nike will cut 2% of its global workforce amid a corporate restructuring plan. &#8220;We are not currently performing at our best, and I ultimately hold myself and my leadership team accountable,&#8221; CEO John Donahoe said Thursday in a memo to the employees. &#8220;This is how we [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":27199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[242,243,233,1354,2580,3994],"class_list":["post-27200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-eritrea","tag-eritrea","tag-job-cuts","tag-layoff","tag-nike"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nike to cut 2% of global workforce amid restructuring - Eritrea<\/title>\n<meta name=\"description\" content=\"American athletic footwear and apparel corporation Nike will cut 2% of its global workforce amid a corporate restructuri ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/nike-to-cut-2-of-global-workforce-amid-restructuring\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nike to cut 2% of global workforce amid restructuring\" \/>\n<meta property=\"og:description\" content=\"American athletic footwear and apparel corporation Nike will cut 2% of its global workforce amid a corporate restructuri ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/nike-to-cut-2-of-global-workforce-amid-restructuring\" \/>\n<meta property=\"og:site_name\" content=\"Eritrea\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-16T17:38:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-16T18:50:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2024\/02\/sm_1708094374.225814.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/nike-to-cut-2-of-global-workforce-amid-restructuring#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/nike-to-cut-2-of-global-workforce-amid-restructuring\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nike to cut 2% of global workforce amid restructuring\",\"datePublished\":\"2024-02-16T17:38:13+00:00\",\"dateModified\":\"2024-02-16T18:50:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/nike-to-cut-2-of-global-workforce-amid-restructuring\"},\"wordCount\":199,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/nike-to-cut-2-of-global-workforce-amid-restructuring#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2024\/02\/sm_1708094374.225814.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eritrea\",\"Eritrea\",\"job cuts\",\"layoff\",\"Nike\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eritrea\/all-news\/nike-to-cut-2-of-global-workforce-amid-restructuring#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/nike-to-cut-2-of-global-workforce-amid-restructuring\",\"url\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/nike-to-cut-2-of-global-workforce-amid-restructuring\",\"name\":\"Nike to cut 2% of global workforce amid restructuring - 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