Nike Plans To Restructure Amid Layoffs
Nike has quietly laid off employees in recent weeks and hinted at a major restructuring last week. However, the company has not provided any details or explanations for the ongoing layoffs. Employees have been laid off in a variety of departments, including human resources, recruitment, sourcing, brand, engineering, digital products and innovation.
Nike sent an email to employees on 6 December 2023, outlining several executive changes aimed at speeding up decision-making and addressing consumer needs.
Non-unionised Nike employees in Canada are entitled to full severance pay if their jobs are lost due to downsizing, corporate restructuring, or business closure. This applies to full-time, part-time, and hourly employees in Ontario, Alberta and British Columbia.
Because misclassification is common in Canada, those working on contracts or as contractors may also be eligible for severance pay. Depending on the circumstances, severance pay can amount to up to 24 months' pay.
As part of a restructuring aimed at increasing the company's agility, the company laid off 700 employees in 2020. Nike laid off 745 workers in Oregon, where it is the largest employer.
