After slashing its annual sales forecast to 1%, Nike announced it's going to make $2 billion in cuts. An executive said that goal will be reached through layoffs and increased automation, NPR reports. Decreased demand in China, particularly affecting online sales, and Europe are behind the low projection, Chief Financial Officer Matt Friend said in an earnings call Thursday.…
This story from newser.com was posted on 2023-12-25 by @wildpursuit.