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Nike's Job Cuts for Savings
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Nike plans to cut 2% of its workforce, over 1,600 jobs, as part of a $2 billion savings plan due to lower expenses amid pressure in demand for its products.
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How does this cost-cutting strategy align with Nike's long-term financial goals and market positioning?
How might these job cuts impact Nike's overall performance and product innovation?
What measures could Nike have taken to mitigate the impact on affected employees?
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