Seems that cuts are global, not just focused on the U.S. Nike has cut 20 percent of its Indian workforce. In addition, some sponsorships are being cut, which further emphasizes the bad shape we are in right now.
http://www.ibtimes.co.in/tripping-nike-ticks-20-staff-off-its-india-roster-740679
There is big difference between getting rid of Nike Employees in India and getting rid of American Employees in America to H1Bs.
Retail and the overall economy are both tanking hard.
This is news to people who work for a company which sells to retailers?
Guess the corporate Kool-Aid must be potent at Nike.
Considering how cheap workforce is there, this actually has me really worried.
Wow
Cutting in India, now that is new