Nike will be laying off 740 employees at its headquarters in Beaverton, Oregon. The news was revealed through a mandatory filing with Oregon’s Office of Workforce Investments.
The forthcoming job cuts mark the second wave of layoffs Nike has undergone this year. In February, CEO John Donahoe announced that Nike would be laying off 2% of its global workforce, around 1,600 employees.
The additional 740 impacted won’t include any employees working at its retail stores or on its manufacturing sites, though Nike is still determining what departments will receive cuts. It’s planning to carry out all of the layoffs by late June.
“NIKE, Inc. will be permanently reducing its workforce at its World Headquarters located at One Bowerman Dr., Beaverton, OR 97005, and surrounding neighborhoods,” the company wrote in its state filing.
“As a result of a second phase of impacts, which will take effect by June 28, 2024, approximately 740 employees at World Headquarters will have been impacted by this and the recent prior permanent reduction of workforce.”
Nike underwent similar sweeping layoffs in 2017, cutting what was then 2% of its global staff.
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