Nike to lay off 740 employees at world headquarters in Beaverton
BEAVERTON, Ore. (KGW/KTVZ) — Nike plans to lay off 740 employees at its world headquarters in Beaverton by June 28, according to a notice the footwear and apparel giant sent to state officials, KGW reported.
The company has about 83,000 employees worldwide, including more than 11,000 at its Beaverton headquarters as of last spring, The Oregonian/OregonLive reported.
In February, Nike announced it would cut 2% of its global workforce in a restructuring, but did not indicate how many of the cuts would be local. At the time, Nike President and CEO John Donahoe said layoffs would start immediately with another phase to come. Between this round of layoffs and previous phases, a total of about 1,600 jobs will be impacted.
The company said in a statement that these moves will put Nike in position to pursue growth opportunities.
"Nike's always at our best when we're on the offense. The actions that we're taking put us in the position to right-size our organization to get after our biggest growth opportunities as interest in sport, health and wellness have never been stronger," the statement reads. "While these changes will impact approximately 2% of our total workforce, we are grateful for the contributions made by all Nike teammates."
In December 2023, Nike announced a $2 billion cost-cutting and restructuring strategy that signaled deep workforce cuts. Nike said it would "result in pre-tax restructuring charges of approximately $400 million to $450 million ... primarily associated with employee severance costs."
