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Jan ‌26 (Reuters) - Nike is laying off 775 employees, ‌a source familiar with the matter told Reuters on Monday, as the sportswear giant looks to boost profits and accelerate its use of automation.

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Nike plans to lay off about 775 employees as it consolidates operations at distribution centers in Tennessee and Mississippi, the company confirmed. In a statement, Nike said the move is part of ...

Nike says that it's planning to lay off 755 employees, as the shoe and apparel giant looks to double down on automation and cut costs at its distribution facilities. CNBC reports that the ...

Nike on Monday said it will eliminate 775 jobs, mostly at distribution centers in Tennessee and Mississippi. The announcement comes as Nike works to kickstart sluggish sales, including by cutting ...