Nike on Thursday announced 1,400 layoffs, mostly technology workers in the company's operations division, as CEO Elliott Hill's turnaround work continues: oregonlive.com/business/2026…
New: After moving manufacturing to the developing world to save on labor, Nike and other apparel brands are shifting employment in their Indonesian supply chain away from high-wage parts of the country and into less-developed areas. propub.li/4r5z5SM
For @Oregonian and @propublica: Nike says most workers in its contract factories make nearly double the minimum wage. In Indonesia, workers told me they made the minimum wage, or a little bit more.
oregonlive.com/business/2026…
An anonymous source tells me the chances of Tiger Woods parting ways with #Nike is greater than ever. The most likely landing spot for Tiger is @on_running in a deal that would see Tiger take an equity stake. Roger Federer left Nike for an equity deal with @on_running in 2018. 👀
Nike ($NKE) announces restructuring plans during Q2 earnings: "Company is identifying opportunities to deliver up to $2 billion in cumulative cost savings over the next three years..."
investors.nike.com/investors…
University of Oregon announces sustainable textile facility near new Portland campus that will partner with local sportswear companies via @MatthewKishoregonlive.com/business/2023…
.@matthewkish has truly hit the ground running (sorry!) since joining @Oregonian last month - here's a great read from this week.
Nike’s shoes are setting records, but casual runners are wearing rivals’ oregonlive.com/news/2023/10/…