Nike's New Plans Include Laying off Nearly 1,500 Global Employees

Nike is making some changes. In a press release the global athletic apparel retailer released today, Nike announced its plans to cut ties with 2% of its international workforce -- nearly 1,500 employees. The lay-offs are part of the brands Consumer Direct Offense strategy, its latest effort to "serve consumers personally" and focus on "key markets." Nike brand president Trevor Edwards will lead the initiative. "Today we serve our athletes in a changing world: one that's faster and more personal,...