On April 25, purchasers of Nike non-fungible tokens (NFTs) filed a class action complaint in the US District Court for the Eastern District of ...

The job cuts are happening as Nike struggles to negotiate a turnaround complicated by President Trump's tariff campaign and a ...

The technology business of NIKE, Inc. (NYSE:NKE) has laid off employees as part of a larger restructuring that aims to refocus objectives and streamline operations. Employees in the company’s ...

Although Nike still ranks as the number one sportswear company in the U.S., it has faced financial struggles over the last ...

Nike cuts jobs in its technology division and outsources functions as part of CEO Elliott Hill’s turnaround efforts to ...

A spokesperson confirmed to media platform FashionNetwork that sportswear brand Nike has cut jobs within its technology ...

Nike's CEO, Elliott Hill, has been implementing changes at the top of the organization since he came out of retirement in ...

Jack in the Box JACK.O is seeking to offload its struggling Del Taco restaurant business and suspended its dividend as part of a restructuring plan under new CEO Lance Tucker. Shares of the ...

The University of Kentucky recently announced the creation of Champions Blue LLC, a first-of-its-kind restructuring of its ...

Italian fashion retailer Benetton more than halved its net loss to 100 million euros ($113 million) last year, its results ...

OpenAi stated it is working closely with Microsoft to finalise the restructuring details. Neither company provided further comment on the reported changes.

Marc Toberoff, Musk’s lead counsel in his case against OpenAI, told TechCrunch the new corporate restructuring plan “changes nothing,” implying that Musk won’t be so quick to drop the case.