Nike’s New CFO Arrives with Cost Saving Plan
The Eager Beavertons’ new “Pace” plan aims to realize about $2.5 billion in total savings through fiscal 2031, largely through layoffs, global supply chain updates, an expanded campus in Bengaluru, India, and rolling Greater China into Asia-Pacific. CEO Elliot Hill said the Indian office will house full-time Nike staffers across functional areas, helping regional teams globally “with greater speed and precision.” And, of course, lower wages than Beaverton. The E.B.s currently employ hundreds at their 126,000-sq.-ft. technology center in Bagmane Tech Park ... Log in to view full article.