It’s been revealed that Nike intends to layoff more than 700 employees over the next two months. Join us as we unpack the reasons behind this strategic decision and explore what it means for the company, its employees, and the sneaker industry at large. ============================= Make sure to subscribe to shoepodcast on YouTube: https://bit.ly/shoepodcastyoutube 💬 Want to join in on the conversation? Check out our Discord! https://discord.gg/ggysMR8uxj ============================= Check us out! 🔗 Online: http://www.shoepodcast.com 🔗 Instagram: https://www.instagram.com/shoepodcast 🔗 TikTok: https://www.tiktok.com/@shoepodcast 🔗 YouTube: https://www.youtube.com/@shoepodcast ============================= ⏲️ Time Stamps: ⏲️ 0:00 - Intro 6:18 - Timeline of events 13:50 - Nike’s stated reason 24:32 - Our issues with this 44:14 - Why is this happening? 51:25 - Surprise Dunk talk 54:33 - Closing ============================= Sources: https://www.theguardian.com/business/2023/dec/22/nike-to-axe-hundreds-of-jobs-in-bid-to-save-2bn-dollars-amid-sales-slump https://www.cnbc.com/2024/04/12/nike-ceo-blames-remote-work-for-innovation-slowdown.html https://www.cnbc.com/2024/02/16/nike-to-lay-off-2percent-of-employees-cutting-more-than-1500-jobs.html https://www.complex.com/sneakers/a/brandon-richard/nike-ceo-announces-job-cuts-february-2024 https://www.complex.com/sneakers/a/victor-deng/nike-world-headquarters-june-2024-layoffs ============================= Music by JohnnyBgood.