London CNN —
Nike will lay off about 2% of its employees, or close to 1,700 people, as the sportswear behemoth looks to cut as much as $2 billion in costs.
“The actions that we’re taking put us in the position to right-size our organization to get after our biggest growth opportunities,” a Nike (NKE) spokesperson said in a statement Friday. “While these changes will impact approximately 2% of our total workforce, we are grateful for the contributions made by all Nike teammates.”
According to its latest annual report, the company employed around 83,700 people worldwide
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