More Layoffs at Nike

[grandpoobah]

https://www.cnn.com/2024/02/16/business/nike-layoffs-2-percent-of-workforce/index.html

[ShoeLady]

Reebok had another layoff a couple of weeks ago. It was much smaller numbers, but they are a smaller company.

[PNWtechdesign]

Reebok is part of SPARC and there were 300 laid off total from all the SPARC brands.

[ShoeLady]

Yeah, so sad. It used to be such a great brand. I’m afraid that sparc may be just pulling out what cash they can before dissolving it.

[Jrock6]

Some other brands are growing and killing it like on running, crocs and hoka