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Nike plans to lay off 740 employees at its Oregon headquarters before end of June

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Nike plans to lay off 740 employees at its Oregon headquarters before end of June


Nike plans to lay off 740 employees at its Oregon headquarters before June 28, the company has told state officials.

The company notified state and local officials about the workforce reduction at its Beaverton, Oregon headquarters in a notice mandated by the Worker Adjustment and Retraining Notification Act on Friday.

The sportswear giant “will be permanently reducing its workforce at its World Headquarters” in a “second phase of impacts” that would begin by June 28, wrote Nike vice president Michele Adams in the notice, first reported by Reuters and Oregon Public Broadcasting.

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Two months ago, Nike CEO John Donahoe told employees in a memo of plans to reduce its workforce by about 2%, or more than 1,600 employees, The Wall Street Journal reported at the time. The company had about 83,700 employees as of May 31, 2023.

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Nike layoffs are due to cost-cutting measures

The reductions are part of a three-year plan to cut $2 billion in costs Nike announced in December.

Nike is targeting cost reductions as it forecasts a “low single-digits” decline in revenue during the first half of its 2025 fiscal year – which begins June 1. “We are taking our product portfolio through a period of transition,” Nike chief financial officer Matt Friend said during the March 21, 2024 earnings call.

Nike shares rose nearly 2% this past week, but are down more than 11% so far this year and have fallen more than 23% over 12 months.

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More Nike news: Olympic uniform flap and will Caitlin Clark get her own shoe?

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Nike’s track and field Olympic uniforms cause controversy

Nike’s new track and field uniforms for the Paris 2024 Olympics are stirring controversy amongst critics and fellow athletes.

Earlier this week, Nike’s new 2024 Paris Olympic track and field uniforms were met with criticism for being too skimpy.

Meanwhile, Caitlin Clark, who on April 15 became the top pick in the WNBA draft, may be about to land a new eight-figure contract with Nike and get her own signature shoe, The Athletic reported.

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Follow Mike Snider on X and Threads: @mikesnider & mikegsnider.

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Oregon

How Alabama Transfer Elevates Ducks Defense

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How Alabama Transfer Elevates Ducks Defense


Peyton Woodyard, a highly touted safety from the 2024 class, has announced his decision to transfer from the Alabama Crimson Tide to the Oregon Ducks football program, bolstering an impressive roster of recent additions.

Woodyard, a 4-star prospect and former Alabama commit, entered the transfer portal last week after the departure of legendary coach Nick Saban. Despite being a true freshman, Woodyard had already made a name for himself, earning a No. 115 overall player ranking and a No. 8 safety rating from 247Sports.

The Ducks, led by coach Dan Lanning, were quick to swoop in and secure Woodyard’s commitment. With a “do not contact” tag on his portal entry, it was clear that Woodyard had already decided his next destination.

Woodyard’s addition to the Oregon roster is a significant coup for the program. He joins an already talented and young safety room, headlined by Aaron Flowers, the No. 102 player, and No. 7 safety in the 2024 class. Flowers recently impressed at the annual spring game, and the pairing of the two is expected to be dynamic.

According to 247Sports, Woodyard’s transfer will not affect Oregon’s 2024 class score, which has already set a program record. If included, the Ducks’ score would be 295.66, which is good for the No. 3 class in the nation behind Georgia and Alabama.

Woodyard’s decision to join the Ducks is a testament to the program’s growing reputation and appeal. With his talent and experience, he is expected to make an immediate impact on the field and help Oregon contend for a Pac-12 title.

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“Made In A Lab” For Las Vegas Raiders

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“Made In A Lab” For Las Vegas Raiders


Oregon football fans will miss center Jackson Powers-Johnson. “JPJ” anchored the best offensive line in college football for two-straight seasons, protecting former quarterback Bo Nix, while bringing positivity and tenacity to the locker room.

The highest-drafted center in Oregon football history, Powers-Johnson was drafted by the Las Vegas Raiders with the No. 44 pick.

Overwhelmingly, the Las Vegas Raiders fan base is thrilled with the new addition, as the plan is for JPJ to start at right guard as a rookie.

“I don’t see any way he is not starting week one at right guard,” Hondo Carpenter, beat reporter for Las Vegas Raiders SI said in an exclusive podcast. “This is an old school Raider. This is a kid that would play with a leather helmet if they let him. Raider Nation is jacked up, this is one of their own.”

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“This is like a guy that was made in the lab for (the Las Vegas Raiders),” Carpenter continued.

Oct 14, 2023; Seattle, Washington, USA; Oregon Ducks offensive lineman Jackson Powers-Johnson (58)

JPJ and the 2024 Raiders rookie class brings a wave of fresh air to a franchise already energized by the hiring of new head coach Antonio Pierce. A former NFL linebacker, Pierce started as Las Vegas’ linebackers coach in 2022. As interim coach last season, Pierce captivated the locker room with his tenacious leadership style and captivated the fanbase with his personality.

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“It feels like the Raiders are back to being the Raiders. It’s almost like for the last 20 years they have wandered in the wilderness, trying to find an identity that they had lost. Along comes Antonio Pierce, who grew up a Raider, is a Raider, personifies the Raiders…” Carpenter said.

“It’s why JPJ just fits. He is their kind of guy: violent, nasty, mean. That is what the head coach says he wants and that is JPJ.”

Powers-Johnson has already played in Allegiant Stadium during the 2023 PAC-12 Championship against the Washington Huskies. He hopes to experience more wins in the new NFL stadium.

Known for his intense competitiveness and tough demeanor on the field, Powers-Johnson has a sense of humor for the ages.

Jackson Powers-Johnson left a distinguished legacy at the University of Oregon, setting milestones as the first Duck and Pac-12 player to win the Rimington Trophy, awarded to the nation’s best center. His accomplishments include being named a unanimous All-American, with first-team honors from the AFCA, Associated Press, FWAA, Sporting News, and Walter Camp.

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Powers-Johnson anchored an Oregon offensive line that led the nation with just five sacks allowed in 2023. He led all FBS centers in overall (84.3) and run-blocking (85.2) grade by Pro Football Focus in 2023, while ranking second in pass-blocking grade (90.6). He allowed just one pressure and zero sacks in 471 pass-blocking opportunities.





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Ex-FSU Football Defensive Lineman Transferring to Oregon State Football

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Ex-FSU Football Defensive Lineman Transferring to Oregon State Football


The spring transfer portal is officially closed, but players who entered while the portal was open are still able to find their next destinations and take their time in doing so. One player soon to find their next home is a former Florida State defensive end.

Josh Griffis, who has spent time with three different programs at various levels since transferring from Florida State a few years ago, will be continuing his college career at Oregon State. He announced the news on social media on Saturday evening.

READ MORE: Former FSU Stars Keon Coleman, Trey Benson, Tatum Bethune, and Renardo Green Get Their NFL Draft Calls

Griffis, a former three-star recruit and Florida State defensive end, left the Seminoles in 2021. He played briefly for Garden City Community College before joining Deion Sanders at Jackson State. He appeared in six games for the Tigers, totaling five tackles, 1.5 tackles for loss, 1.5 sacks and one quarterback hurry.

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After the season, Coach Prime took his talents to Colorado — where he’s been heavily involved in the news cycle since — leaving Griffis and many other former Jackson State players in the transfer portal. This was after Griffis spent time in JUCO after being dismissed from Florida State.

The former Seminole then transferred to Tarleton State, where he finished with 13 total tackles, nine solo tackles, five sacks and three forced fumbles during his 2023 college football campaign.

Now headed to Oregon State, Griffis is headed to a unique situation. The program has been left high and dry after the Pac-12 dissolved, with its members dispersing across the Big 12 and Big Ten. Now, with just two programs remaining in the conference, Oregon State has an arrangement with the Mountain West to fill out their 2024 college football schedule.

Griffis is technically joining a power conference, though the Pac-12 is a thing of the past and they’re playing a very weak schedule compared to the Power Four — involving the Big 12, Big Ten, ACC and SEC. The former Seminole has had a very unique college football career path.

READ MORE: FSU AD Michael Alford Possibly Hints At Big 10 Move During Chicago Boosters Event

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Stick with NoleGameday for more coverage of Florida State football throughout the offseason.

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