From CNBC: 2024-04-12 14:07:18

Nike CEO John Donahoe attributed a lack of innovation to remote work, stating it’s challenging to be disruptive from home. Despite criticism, Donahoe assured that Nike’s innovation pipeline is strong, promising new product drops and compelling storytelling. The company announced restructuring to save $2 billion in costs over three years and laid off 2% of its workforce to focus on growth areas like running and the women’s category. Donahoe maintained Nike’s dominance in running and vowed to lead with innovation.



Read more at CNBC: Nike CEO blames remote work for innovation slowdown