Nike to axe about 1,400 jobs

Nike said on Thursday it is laying off about 1,400 people to streamline workflows, as the struggling ​sportswear company fights through a years-long sales slump, Reuters writes.

In a memo to employees on Thursday, ‌Chief Operating Officer Venkatesh Alagirisamy said Nike would cut jobs in global operations – mainly technology – in North America, Asia and Europe, accounting for a little less than 2% of the global workforce.

It is the latest in a string of ​job cuts at Nike, most recently the axing in January of 775 roles in a bid ​to speed up automation.