Nike chopping over 1,000 jobs as struggling sneaker giant tries to rebound from sales slump
By Reuters••New York Post
Nike shares have lost more than half their value in the last three years, as nimbler competitors such as On, Hoka and Anta have won more shelf space.
Nike said Thursday it is laying off about 1,400 global operations employees in an effort to streamline workflows as the struggling sportswear company fights through a years-long sales slump. In a me…