Nike suffers 790 million loss,CEO confirms layoffs.

Coronavirus causes retailers and customers to cancel orders. Yep. Sounds like Trump’s handiwork.
“Nike CEO John Donahoe said that “layoffs were not related to the pandemic.”

You didn’t read did you?
The announcement came shortly after Nike reported a net loss of $790 million in the fourth quarter, partly the result of the COVID-19 pandemic's impact on stores across North America.
 
Coronavirus causes retailers and customers to cancel orders. Yep. Sounds like Trump’s handiwork.
“Nike CEO John Donahoe said that “layoffs were not related to the pandemic.”

You didn’t read did you?
The announcement came shortly after Nike reported a net loss of $790 million in the fourth quarter, partly the result of the COVID-19 pandemic's impact on stores across North America.

So COVID is President Trump’s fault?
 
Coronavirus causes retailers and customers to cancel orders. Yep. Sounds like Trump’s handiwork.
“Nike CEO John Donahoe said that “layoffs were not related to the pandemic.”

You didn’t read did you?
The announcement came shortly after Nike reported a net loss of $790 million in the fourth quarter, partly the result of the COVID-19 pandemic's impact on stores across North America.

Part of the massive loss is due to the effects of the coronavirus response, the report said; however, Nike CEO John Donahoe said that “layoffs were not related to the pandemic.”


The layoffs, according to the CEO, are part of an effort to restructure an “overburdened matrix,” according to Complex’s knowledge of an internal email sent from Donahoe.
 

Forum List

Back
Top