Nike on Thursday announced 1,400 layoffs, mostly technology workers in the company's operations division, as CEO Elliott Hill's turnaround work continues: https://t.co/GHYSsq8Vmk
New: After moving manufacturing to the developing world to save on labor, Nike and other apparel brands are shifting employment in their Indonesian supply chain away from high-wage parts of the country and into less-developed areas. https://t.co/6n2sKSFaZh
For @Oregonian and @propublica: Nike says most workers in its contract factories make nearly double the minimum wage. In Indonesia, workers told me they made the minimum wage, or a little bit more.
https://t.co/Hk08PmGuMJ
‘Final-hour switch’ by deep-pocketed investor doomed rival bid for Trail Blazers, lawsuit alleges.
The latest on the RAJ lawsuit, from @matthewkish and @billoram »
https://t.co/gw9KECy7V9
An extraordinary story from @matthewkish about @WiedenKennedy (and @Nike by extension) legend, the the late Jim Riswold. I hope y'all can get past the @Oregonian paywall because Jim was a one-of-a-kind mind, marketer and human. #JustDoIt
https://t.co/RMqh9ZDeB2
Nike slashed its sustainability workforce after a pledge to reduce its carbon footprint. Reporting for @Oregonian and @propublica with @robwdavis: https://t.co/sC1dQsXKOD
An anonymous source tells me the chances of Tiger Woods parting ways with #Nike is greater than ever. The most likely landing spot for Tiger is @on_running in a deal that would see Tiger take an equity stake. Roger Federer left Nike for an equity deal with @on_running in 2018. 👀
Nike ($NKE) announces restructuring plans during Q2 earnings: "Company is identifying opportunities to deliver up to $2 billion in cumulative cost savings over the next three years..."
https://t.co/P9uYtpozD4