Nike Layoffs Job Cut: may fire 1400 employees: Finance Trading Times

Nike Layoffs Job Cut: may fire 1400 employees

The news is for the Nike which is going for layoffs. The news is not good for the employees of Nike, the company which is the world leader for shoes and sports wear apparels. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest additon to the list of organization which may go for layoffs is the Nike. Nike Logo

How many employees may be fired in the Nike layoffs?
The news is that there may be 1400 job cuts by the Nike.

What is the total no. of employees of Nike ?
Total No. of employees of Nike is 35,000 as of now. The layoffs if they happen will constitute 4 percent of the propsed job cuts of 1400.

What will be the cost and savings by Nike layoffs?
No info about that.

When will the Nike layoffs happen?
As per the reports, no concrete info is available about the exact dates but it is learnt that the layoffs, if they happen, will be done as soon as possible.

Which locations and department of employees will be affected by the Nike layoffs ?
No info available about that.

What is the primary reasons for Nike layoffs?
The layoffs are being done as the company says there may be due to organizational changes. The plan is to restructure the Nike brand into six regions instead of four.
Let's hope that alternative jobs are available to the affected employees of Nike Layoffs Job Cut
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