Nike announces new restructuring, layoffs. Stock dips to lowest level in 13 years
Nike is undergoing a restructuring that includes condensing sales geographies and opening a new campus in India. The company announced the changes following a decline in stock value to a 13-year low, noting that layoffs will occur.
The company on Thursday said it will open a new campus in India and condense its sales geographies, moves that will result in an unknown number of layoffs.
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