Nike plans to eliminate about 1,400 roles in its global operations business, with technology teams hit the hardest, COO Venkatesh Alagirisamy said in an internal memo. The move is part of the final phase of a turnaround effort “to make Nike simpler and faster,” merging systems, streamlining structures, and reshaping infrastructure and supply-chain alignment. Managers will personally notify affected staff.
Unilever says it will freeze new hiring after higher shipping costs tied to the Iran war squeeze margins. The cost pressure is also prompting workforce reductions and changes to bonus structures, signaling a broader push to protect profitability amid ongoing disruption in global trade routes.
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