Nike Layoffs Job Cut: may fire 1750 employees

The news is not good for the employees of the Nike, which is a major shoe and apparel maker. We have earlier reported about the Nike Layoffs Job Cut. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest on to add to the list is the Nike Organization, which may be going for layoffs.
How many employees may be fired in the Nike layoffs?
As per the reports, there can be around 1750 layoffs by Nike. That will be around 5% of its total workforce.

What is the total no. of employees of Nike?
The total no. of employees of Nike is arouond 35,000 as of now

What will be the cost and savings by Nike layoffs?
No info about that

When will the Nike layoffs happen?
No conrete info is available about the dates.

Which locations and department of employees will be affected by the Nike layoffs ?
500 jobs will go at Nike's world headquarters in Beaverton. The layoffs are reported to be done on global basis so many other locations will be affected. Department wise details are not available.

What is the primary reasons for Nike layoffs?
Decline for products is one of the major reasons for layoffs.

Any other news about Nike layoffs
As per AP, The company, whose other brands include Converse, Cole Haan and Umbro, remains the industry leader.
Let's hope that alternative jobs are available to the affected employees of Nike Layoffs Job Cut