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Nike HQ Job Cuts Now Tally 700, Up From 500

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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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