- Motley Fool
A Few Years From Now, You'll Wish You Bought This High-Growth Stock
The valuation has come down as sales growth slowed in early 2024.
- Fortune
Converse layoffs are the latest casualties of Nike’s $2 billion do-or-die plan to get back on its feet
The Oregon-based shoe company said in December it would lay off 2% of its workforce over three years.
- Reuters
UPDATE 2-Converse to cut jobs as part of Nike's cost-savings plan
Footwear brand Converse will cut jobs as part of parent company Nike's on-going $2 billion cost savings plan, a source familiar with the matter said on Tuesday. Nike had laid out a costs saving plan in December that would stretch over the next three years and also include tightening the supply of some products and reducing management layers. The cost-saving plan has prompted a slew of job cuts over the past few months at the world's largest sportswear maker.
