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HomeBusinessNike plans more job cuts to boost sputtering turnaround, forecasts steep revenue...

Nike plans more job cuts to boost sputtering turnaround, forecasts steep revenue drop

Nike is deepening its restructuring under CEO Elliott Hill as its woes in China intensify, announcing a plan to cut more jobs and shake up its global business divisions after the sportswear giant projected a surprisingly steep drop in full-year revenue. The tepid forecast on Thursday (Oct 1) underscored that N

Read full story on Channel Newsasia

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