Facing a downturn in sales over the past year, Nike disclosed that the layoffs are a response to the need for organizational streamlining.
Layoffs 2023: Nike To Sack Hundreds Of Employees
![](https://mlwpyfvpqdp4.i.optimole.com/w:auto/h:auto/q:mauto/f:best/https://i0.wp.com/english.cdn.zeenews.com/sites/default/files/2023/12/25/1341286-untitled-design-2023-12-25t032542.689.jpg?fit=1024%2C1024&ssl=1)
Facing a downturn in sales over the past year, Nike disclosed that the layoffs are a response to the need for organizational streamlining.