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CNBC's[3] report, published Thu, Aug 28 2025, quotes Nike's statement and its staff memo on the cuts.
Reuters recaps that in August 2025 Nike cut a little less than 1% of its corporate workforce as part of its turnaround under Elliott Hill.[1]
Later CNBC[1] report describing the summer round as the 1,000 corporate job cuts Nike announced last summer.
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