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ID: 55640149 Video

Headline: Nike Cuts 1,400 Jobs as Turnaround Efforts Intensify

Caption:

Nike is set to lay off around 1,400 employees as part of a global push to streamline operations and recover from a prolonged sales slump.

Keywords: Current affairs & Politics,Nike layoffs,1,400 job cuts,corporate restructuring,Elliott Hill,declining sales,China market,sportswear competition,On Running,Hoka,Anta,supply chain,business strategy

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