A small digression, this topic has little to do with layoffs, but I am very disappointed because this text reminded me that Nike decided to let Federer go.
https://www.foxsports.com.au/tennis/tennis-news-2021-roger-federer-money-nike-deal-uniqlo-atp-rankings-video/news-story/572d626b88aee05733c2ca747c9c1492
You may not agree, but I think the younger generations associate Nike with fashion, not sports, and I think that’s a big mistake for this brand.