Nike to axe hundreds of jobs in bid to save $2bn amid sales slump by diacewrb Tags:Economy 1 comment More on this subject from other reputable sources: — – CNBC (B): [Nike unveils plan to cut $2 billion in costs, warns of soft revenue](https://www.cnbc.com/2023/12/21/nike-nke-earnings-q2-2024.html) – Reuters (A+): [Nike cuts sales view on choppy demand, outlines $2 bln savings plan](https://www.reuters.com/business/retail-consumer/nike-misses-quarterly-sales-estimates-weak-wholesale-business-china-demand-2023-12-21/) – Bloomberg (B+): [Nike Seeks $2 Billion in Savings as Sales Outlook Weakens](https://www.bloomberg.com/news/articles/2023-12-21/nike-seeks-2-billion-in-cost-savings-as-china-sales-fall-short) – Benzinga (B+): [Mixed Q2 Results Send Nike Stock Falling After-Hours: The Details – Nike (NYSE:NKE)](https://www.benzinga.com/news/earnings/23/12/36353464/mixed-q2-results-send-nike-stock-falling-after-hours-the-details) — [__Extended Summary__](https://www.reddit.com/r/newswall/comments/18oc17l/) | [More: Nike unveils plan to cut …](https://www.newswall.org/summary/nike-seeks-2-billion-in-savings-as-sales-outlook-weakens?mtm_campaign=r&mtm_kwd=c) | [FAQ & Grades](https://www.reddit.com/r/newswall/comments/uxgfm5/faq_newswall_bot/) | I’m a bot Leave a ReplyYou must be logged in to post a comment.
More on this subject from other reputable sources: — – CNBC (B): [Nike unveils plan to cut $2 billion in costs, warns of soft revenue](https://www.cnbc.com/2023/12/21/nike-nke-earnings-q2-2024.html) – Reuters (A+): [Nike cuts sales view on choppy demand, outlines $2 bln savings plan](https://www.reuters.com/business/retail-consumer/nike-misses-quarterly-sales-estimates-weak-wholesale-business-china-demand-2023-12-21/) – Bloomberg (B+): [Nike Seeks $2 Billion in Savings as Sales Outlook Weakens](https://www.bloomberg.com/news/articles/2023-12-21/nike-seeks-2-billion-in-cost-savings-as-china-sales-fall-short) – Benzinga (B+): [Mixed Q2 Results Send Nike Stock Falling After-Hours: The Details – Nike (NYSE:NKE)](https://www.benzinga.com/news/earnings/23/12/36353464/mixed-q2-results-send-nike-stock-falling-after-hours-the-details) — [__Extended Summary__](https://www.reddit.com/r/newswall/comments/18oc17l/) | [More: Nike unveils plan to cut …](https://www.newswall.org/summary/nike-seeks-2-billion-in-savings-as-sales-outlook-weakens?mtm_campaign=r&mtm_kwd=c) | [FAQ & Grades](https://www.reddit.com/r/newswall/comments/uxgfm5/faq_newswall_bot/) | I’m a bot
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More on this subject from other reputable sources:
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– CNBC (B): [Nike unveils plan to cut $2 billion in costs, warns of soft revenue](https://www.cnbc.com/2023/12/21/nike-nke-earnings-q2-2024.html)
– Reuters (A+): [Nike cuts sales view on choppy demand, outlines $2 bln savings plan](https://www.reuters.com/business/retail-consumer/nike-misses-quarterly-sales-estimates-weak-wholesale-business-china-demand-2023-12-21/)
– Bloomberg (B+): [Nike Seeks $2 Billion in Savings as Sales Outlook Weakens](https://www.bloomberg.com/news/articles/2023-12-21/nike-seeks-2-billion-in-cost-savings-as-china-sales-fall-short)
– Benzinga (B+): [Mixed Q2 Results Send Nike Stock Falling After-Hours: The Details – Nike (NYSE:NKE)](https://www.benzinga.com/news/earnings/23/12/36353464/mixed-q2-results-send-nike-stock-falling-after-hours-the-details)
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[__Extended Summary__](https://www.reddit.com/r/newswall/comments/18oc17l/) | [More: Nike unveils plan to cut …](https://www.newswall.org/summary/nike-seeks-2-billion-in-savings-as-sales-outlook-weakens?mtm_campaign=r&mtm_kwd=c) | [FAQ & Grades](https://www.reddit.com/r/newswall/comments/uxgfm5/faq_newswall_bot/) | I’m a bot