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Nike cutting jobs at European headquarters in the Netherlands -Bloomberg
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Nike cutting jobs at European headquarters in the Netherlands -Bloomberg
Jun 5, 2024 2:07 AM

AMSTERDAM, June 5 (Reuters) - Nike ( NKE ) is cutting

jobs at its European headquarters in the Dutch city Hilversum,

Bloomberg reported late on Tuesday.

Nike ( NKE ) did not immediately reply to an emailed request for

comment.

According to the sportswear giant's website, more than 2,000

employees work at its European headquarters. It is not clear how

many people are affected by the reported cuts.

Earlier this year, Nike ( NKE ) announced that it would cut about 2%

of its total workforce, or more than 1,600 jobs, to lower

expenses as demand for its shoes comes under pressure.

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