Nike cuts jobs at its European headquarters as part of $2B cost-cutting plan – report
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U.S. sportswear brand Nike (NYSE:NKE) has cut positions in its European headquarters as part of a multiyear cost-cutting plan, Bloomberg reported Wednesday, citing people familiar with the matter.
The Nike campus in the Netherlands, known internally as EHQ — is home to more than 2,000 employees, as per the report.
Separately, Nike (NKE) had filed notice with the state official in Oregon that the company will be permanently reducing its workforce at its World Headquarters located in Beaverton, Oregon and surrounding neighborhoods known as WHQ North, South, West, Southwest, Southeast, Northwest and Northeast.
Earlier in the year, Nike (NKE) CEO John Donahoe told employees that the company will lay off 2% of its workforce, a figure that suggested the company could eliminate as many as 1,500 jobs.
Boston-based Converse has also reportedly cut jobs as part of its parent company’s broader plan to lower its headcount by about 2%.
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