Nike will cut 775 positions as it consolidates its U.S. distribution operations, though Oregon jobs appear to not be on the chopping block.
The Beaverton-headquartered sportswear giant announced Monday, Dec. 26, that the job eliminations will impact operations in Tennessee and Mississippi, the Oregonian reported.
Part of a broader effort to sharpen the company’s supply chain, reductions come amid weakening sales for the company — as Nike has seen its stock decline about 14% over the past year…