Yahoo Finance - Nike will cut about 2% of its total workforce, or more than 1,600 jobs, the sportswear giant said to lower expenses as demand for its shoes and sneakers comes
![Nike retains title as world's most valuable apparel brand while luxury brands boom after COVID-19 | Press Release | Brand Finance Nike retains title as world's most valuable apparel brand while luxury brands boom after COVID-19 | Press Release | Brand Finance](https://brandfinance.com/wp-content/uploads/2022/04/Apparel-50-2022-Social-Media-Post-Fastest-Growing-2134x1200.jpg)
Nike retains title as world's most valuable apparel brand while luxury brands boom after COVID-19 | Press Release | Brand Finance
![Yahoo Finance on X: "Nike stock slides after quarterly profit misses Wall Street estimates 🔻 $NKE -2.36% https://t.co/jin2ju73GJ https://t.co/33B3Vqp2sE" / X Yahoo Finance on X: "Nike stock slides after quarterly profit misses Wall Street estimates 🔻 $NKE -2.36% https://t.co/jin2ju73GJ https://t.co/33B3Vqp2sE" / X](https://pbs.twimg.com/media/Fz4BQiBWAAAacvi.png)
Yahoo Finance on X: "Nike stock slides after quarterly profit misses Wall Street estimates 🔻 $NKE -2.36% https://t.co/jin2ju73GJ https://t.co/33B3Vqp2sE" / X
![Nike retains title as world's most valuable apparel brand while luxury brands boom after COVID-19 | Press Release | Brand Finance Nike retains title as world's most valuable apparel brand while luxury brands boom after COVID-19 | Press Release | Brand Finance](https://brandfinance.com/wp-content/uploads/2022/04/Apparel-50-2022-Social-Media-Post-Most-Valuable-2134x1200.jpg)