NEW YORK—Nike is cutting 2 percent of its global workforce, or little over 1,600 jobs, as the athletic wear giant aims to cut costs and reinvest its savings into what it sees as big growth areas like sport, health and wellness.
Nike, based in Beaverton, Oregon, joins a growing number of companies including Estee Lauder and Levi Strauss & Co. that have announced job cuts in recent weeks.
