Nike plans to lay off 740 employees at its Oregon headquarters before end of June ...Middle East

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Nike plans to lay off 740 employees at its Oregon headquarters before June 28, the company has told state officials. The company notified state and local officials about the workforce reduction at its Beaverton, Oregon headquarters in a notice mandated by the Worker Adjustment and Retraining Notification Act on Friday. The sportswear giant “will be permanently reducing its workforce at its World Headquarters” in a “second phase of impacts” that would begin by June 28, wrote Nike vice president Michele Adams in the notice, first reported by Reuters and Oregon Public Broadcasting. Two months ago, Nike CEO John Donahoe told employees in a memo of plans to reduce its workforce by about 2%, or

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