Nike (NKE) is laying off some staff as it seeks to reduce its technology division, Bloomberg’s Kim Bhasni and Lily Meier report, citing people familiar with the matter. Some of that work is being shifted to 3rd party vendors, the report states.
Claim 30% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NKE:
- Bath & Body Works (BBWI) Names Former Nike Executive as Its New CEO
- Bath & Body Works appoints Heaf as CEO
- 90-Day Tariff Reprieve Papers Over the Cracks with Nike Stock (NKE)
- Pershing Square takes new stake in Uber, converts Nike position to options
- Pershing Square takes new stake in Uber, exits Nike