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Nike Implements Workforce Reduction
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Nike announces laying off 740 employees at Oregon HQ to cut costs following revenue decline. The move is part of a broader $2 billion savings plan aiming to reduce the workforce by 2%.
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How might the layoffs impact Nike's organizational culture and employee morale?
In what ways could this cost-cutting measure influence Nike's competitive position in the sportswear industry?
What specific franchises or areas within Nike are likely to be affected by this workforce reduction?
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