Nike announces senior leadership changes and sweeping job cuts

July 23, 2020

Nike has announced a senior leadership reshuffle and plans for an undisclosed number of job cuts as part of a major restructuring that is set to cost the sportswear giant as much as US$250 million. The latest moves come as the company shifts away from a wholesale model towards digital direct-to-consumer sales, a change accelerated in part by the pandemic. Read more on SportsPro.