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Converse to cut jobs amid Nike reorganization, Bloomberg reports

Workers at Nike’s (NKE) Converse brand were told to work from home ahead of job cuts and a restructuring at the brand, Bloomberg’s Lily Meier reports. The changes include new positions and team movers for some staff, while Converse “also had to make difficult decisions” which will include “saying goodbye to friends and teammates,” the author says, citing a note from Converse CEO Aaron Cain.

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