04:20 AM EDT, 06/05/2024 (MT Newswires) -- Nike ( NKE ) has laid off staff at its European headquarters in the Netherlands as part of a multi-year plan to cut $2 billion in costs, Bloomberg reported, citing sources familiar with the matter.

The European headquarters, located in Hilversum near Amsterdam, employs over 2,000 people, according to the report.

Nike ( NKE ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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