Nike lays off more than 1,500 people as CEO says ‘I ultimately hold myself and my leadership team accountable’ – Uptrends

Nike lays off more than 1,500 people as CEO says ‘I ultimately hold myself and my leadership team accountable’ – Uptrends

Nike’s CEO John Donahoe blamed himself on Friday while saying the company was laying off more than 1,500 people—cuts that Donahoe said would “reignite our growth.” In a widely reported memo announcing the 2% cut to Nike’s workforce, Donahoe added that he didn’t take the decision to lay off thousands of employees lightly and put … Read more

What does 2024 hold for economy? – Uptrends

What does 2024 hold for economy? – Uptrends

  KARACHI: Forget the past; let’s focus on 2024. Very early in the year, we need a democratically elected government with a strong mandate for economic reforms. There is no other wish-list of the voters except their financial well-being. Individuals assigned responsibilities of such ministries shouldn’t identify problems but only provide solutions. It will be … Read more