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Nike Cuts Jobs, Reduces Product Lines
- USA Today, Friday, June 16, 2017 8 AM
Nike said Thursday it will cut about 1,400 jobs, or 2% of its workforce worldwide, as part of a new strategy to sell products more directly to customers. The company, which has 70,700 employees worldwide also plans to reduce the number of product lines by 25% and introduce more selections for the remaining lines, such as Flyknit shoes.
