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Nike HQ Job Cuts Now Tally 700, Up From 500

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Nike is upping job cuts across its Beaverton, Ore., headquarters from a previously disclosed 500 to approximately 700 as the company shifts priorities to a more direct-to-consumer focus that already began to pay dividends in the first quarter. In July, when the athleticwear and footwear giant shuffled its executive team in its pivot to the…

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