Why Nike Is Cutting 1500 Jobs

It’s been revealed that Nike intends to layoff more than 700 employees over the next two months. Join us as we unpack the reasons behind this strategic decision and explore what it means for the company, its employees, and the sneaker industry at large. ============================= Make sure to subscribe to shoepodcast on YouTube: https://bit.ly/shoepodcastyoutube 💬 Want to join in on the conversation? Check out our Discord! https://discord.gg/ggysMR8uxj ============================= Check us out!

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============================= ⏲️ Time Stamps: ⏲️

• 0:00 - Intro
• 6:18 - Timeline of events
• 13:50 - Nike’s stated reason
• 24:32 - Our issues with this
• 44:14 - Why is this happening?
• 51:25 - Surprise Dunk talk
• 54:33 - Closing

============================= Sources:

• https://www.theguardian.com/business/2023/dec/22/nike-to-axe-hundreds-of-jobs-in-bid-to-save-2bn-dollars-amid-sales-slump
• https://www.cnbc.com/2024/04/12/nike-ceo-blames-remote-work-for-innovation-slowdown.html
• https://www.cnbc.com/2024/02/16/nike-to-lay-off-2percent-of-employees-cutting-more-than-1500-jobs.html
• https://www.complex.com/sneakers/a/brandon-richard/nike-ceo-announces-job-cuts-february-2024
• https://www.complex.com/sneakers/a/victor-deng/nike-world-headquarters-june-2024-layoffs

============================= Music by JohnnyBgood.