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HomeLifestyle NewsNike Braces Converse Employees for Job Cuts as Shoe Sales Plunge

Nike Braces Converse Employees for Job Cuts as Shoe Sales Plunge

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Converse employees were instructed to work from home ahead of layoffs and restructuring at the struggling Nike Inc. brand.

The changes include new roles and team moves for some staff, according to the note from Converse chief executive officer Aaron Cain, which was viewed by Bloomberg News. Converse “also had to make difficult decisions” which will include “saying goodbye to friends and teammates.”

The memo didn’t indicate how many positions were being eliminated. Nike declined to…

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