7 months ago
23
Converse is the latest brand to be hit with layoffs. And across the industry, it’s clear the macroenvironment is forcing difficult choices. Don’t forget to subscribe to the Glossy Podcast for interviews with fashion industry leaders and Week in Review episodes, and the Glossy Beauty Podcast for interviews from the beauty industry. –Danny Parisi, sr. fashion reporter
Difficult choices
Nike announced last week that layoffs were hitting Converse, one of its subsidiary brands.
The layoffs are part of Nike’s ongoing $2 billion cost saving plan announced in December that will see it lay off about 2% of its 84,000 employees across its brands, equating to around 1,600 jobs. There have already been two rounds of layoffs across Nike and more will come throughout the rest of this fiscal year.
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English (US) ·