hype cog

Nike Is Implementing Second Phase of Its Layoff Plan

About 1,400 workers will be fired.

Nike is implementing its second phase of its plan to lay off approximately 1,400 workers. Back in June, Nike revealed that it is planning to fire about 2 percent of its workforce. The first round happened in June and mainly affected those working in product development and technology areas. According to a report in the Oregonian, positions in operations, sales support and customer service also received a notification that they were being laid off on Wednesday.

Phil Gold, who worked for the company for 15 years in mainly IT roles, was one of hundreds of technology workers laid off in June. He revealed that veteran employees who received higher salaries were amongst the first to be let go. “They definitely targeted tenured, experienced employees as a money-saving thing with very little regard for how the work is going to get done,” Gold reveals. “It wasn’t about performance.”

Learn more about Nike’s layoff situation via the Oregonian.

Image CreditNike
Read Full Article

What to Read Next

See Photos From Nike Sportswear's "The COURT by FORCE" Booth at YOHOOD
See Photos from UNIQLO and J.W.Anderson's London Conference
Vogue Teams Up with Kith For 125th Anniversary Collection Lookbook
Craig Green's Baroque-Style Carpet Bag Is Now up for Grabs
G-Dragon's PEACEMINUSONE Pop-Up Makes Pit Stops in Osaka and Hong Kong
Here Are the 7 Best Products Dropping in Europe This Week
Load More
 
HYPES is a real time popularity metric informing readers of what is trending