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ID: 53477521 Video

Headline: Nike to Lay Off 2% of Employees

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On Feb. 15, Nike announced that it will cut over 1,500 jobs, CNBC reports. The company wants to redirect its capital to areas of growth, such as the Jordan brand.

Keywords: Nike,layoffs,job cuts,employees,restructuring,Jordan brand,growth areas,CEO John Donahoe,company performance,accountability,leadership team,growth plan,fiscal fourth quarter,cost cuts,restructuring plan,business news

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