Nike Reshaping its Company with Possible Cuts - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Nike Reshaping its Company with Possible Cuts

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Oregon (WQOW) - Nike is reshaping its world. Nike announced details of its plan to restructure the Nike brand into six regions instead of four.

The company says the organizational change could result in layoffs of up to four percent of its workforce. Nike currently employs almost 35,000 people worldwide. The reduction could mean 1,400 employees would be let go.

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