Nike plans more job cuts to boost sputtering turnaround, forecasts steep revenue drop
Nike is deepening its restructuring under CEO Elliott Hill as its woes in China intensify, announcing a plan to cut more jobs and shake up its global business divisions after the sportswear giant projected a surprisingly steep drop in full-year revenue.The tepid forecast on Thursday (Oct 1) underscored that N
1 Oct 22:47 · CNA