![Nike shares tumble as it cuts costs amid ‘softer’ outlook](https://dailytalks.org/wp-content/uploads/2024/02/139031-nike-shares-tumble-as-it-cuts-costs-amid-softer-outlook.webp)
NEW YORK – Nike promised up to $2-billion in cost savings involving job cuts and greater use of automation as it eyes “softer” sales in the coming period. The sports giant reported an uneven performance across major markets in the latest quarter, with revenues declining in North America but rising in China, the Asia Pacific
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