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Nike's layoffs extend to Converse as company implements cost-cutting plan

Nike's cost-cutting plan leads to job cuts at Converse, impacting over 700 employees at Oregon headquarter.

Paris 2024 Olympics - Nike Olympics Products Launch - Paris, France - April 11, 2024 The Nike Alphafly 3 running shoe is displayed during the launch REUTERS/Stephanie Lecocq(REUTERS)
Published on May 15, 2024 11:07 AM IST
Bloomberg | | Posted by Tuhin Das Mahapatra

Caitlin Clark is set to sign Nike for $28 million, inking 8 year

Nike reportedly negotiating 8-year, $28 million Partnership with Indiana Fever's Caitlin Clark.

Indiana Fever's Caitlin Clark speaks during a WNBA basketball news conference, Wednesday, April 17, 2024, in Indianapolis. (AP Photo/Darron Cummings)(AP)
Updated on Apr 24, 2024 01:14 PM IST

Nike nears eight-figure deal with basketball sensation Caitlin Clark

Nike Inc. is in talks with Caitlin Clark for an endorsement deal ahead of WNBA debut.

Indiana Fever's Caitlin Clark, middle, poses with general manager Lin Dunn, left, and head coach Christie Sides following a WNBA basketball news conference. (AP Photo/Darron Cummings)(AP)
Updated on Apr 19, 2024 03:17 AM IST
Bloomberg | | Posted by Tuhin Das Mahapatra

Tiger Woods announces end of longtime partnership with Nike

Woods signed multiple deals with Nike over his remarkable career, most recently a 10-year pact in 2013 that was worth a reported $200 million.

Tiger Woods had been a brand ambassador for Nike since 1996(Getty Images)
Updated on Jan 08, 2024 10:53 PM IST
Reuters |

Layoffs 2023: Nike to cut hundreds of jobs in December

Nike recently said in a statement that the company is cutting hundreds of jobs in December 2023, just as recession fears had begun to cool down.

Nike is planning to lay off hundreds of employees before 2024 starts.
Published on Dec 25, 2023 03:59 PM IST
ByVaishnawi Sinha
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