The layoffs, referred to as the "second ... count stands at approximately 83,700 as of 31 May 2023. In its fiscal 2024 Q3 results, Nike revealed an anticipated low-single-digit percentage decrease ...

The layoffs will take effect by June ... Investors have been downbeat on Nike for some time now. The stock lost 7.2% in 2023 while the broader market gained a little over 20% and Lululemon shares ...