https://www.localmemphis.com/article/news/local/nike-expects-to-layoff-more-than-700-employees-in-tennessee-and-mississippi/522-c7e1188d-7fb6-4616-8e57-f60a678eb74a
Nike will lay off approximately 775 employees. These job reductions will occur in Tennessee and Mississippi. The company is streamlining its operations. This effort includes consolidating U.S. distribution centers. Nike aims to improve efficiency and achieve profitable growth.