Nike employees 83,700 associates including 11,400 at its roughly 400-acre corporate headquarters ... However, the $450-million restructuring charge is part of a three-year plan in which management ...

At the end of 2023, Nike announced a $2 billion cost-cutting and restructuring strategy that resulted in 740 layoffs at Nike world headquarters in Beaverton.

which is a painful period of corporate belt-tightening. Nike expects to incur as much as $450 million in restructuring charges in the quarter that ends Feb. 28, mostly from severance costs ...

Total NIKE Brand EBIT, Total NIKE ... For the three and nine months ended February 29, 2024, Corporate includes the restructuring charges, recognized as a result of the Company's steps to ...

Nike employs 11,400 at its corporate headquarters near Beaverton ... it expects to incur between $400 million and $450 million in restructuring costs in the current quarter, mostly from severance ...

The technology business of NIKE ... as part of a larger restructuring that aims to refocus objectives and streamline operations. Employees in the company's corporate functions and strategic ...

Nike stock remains stuck in a downward trend. Recently, the global sportswear giant announced restructuring plans. Will the stock finally be able to break out post earnings today? InvestingPro ...

Total NIKE Brand EBIT, Total NIKE ... For the three and nine months ended February 29, 2024, Corporate includes the restructuring charges, recognized as a result of the Company's steps to streamline ...

2 Diluted earnings per share excluding the restructuring charges is a non-GAAP financial measure. The most comparable GAAP measure is Diluted earnings per share. The Company uses Diluted earnings ...