Feb. 16 (UPI) --Nike said late Thursday it's laying off more than 1,500 people, 2% of its workforce, in what the company described in an internal email memo from CEO John Donahue as a restructuring.

Sportswear giant Nike has outlined plans to lay off 740 employees at its headquarters in Oregon, US, before the end of June, it has been reported. Nike has now informed state officials about the ...

The hires follow a trend of longtime Nike employees leaving to join other established brands or to form their own.

Platitudes from Hill will not be enough, analysts say, when Nike reports quarterly earnings. To satisfy markets, Hill needs to lay out a plan to boost innovation, repair relationships with retailers ...