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Nike forges ahead with European layoffs as part of multiyear cost-cutting drive

Nike is streamlining its European operations with a multiyear cost-cutting drive. This includes layoffs of approximately 2 percent of its workforce, including cutting staff at its European hub in Hilversum, The Netherlands. The staff reductions at the campus, known internally as EHQ and home to over 2,000 employees, come as Nike aims to slash 2...

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