Nike to lay off 2% of employees, cutting more than 1,500 jobs during broad restructuring

Nike is cutting 2% of its current workforce, or more than 1,500 jobs, as part of a broader restructuring, the company said late Thursday.The Beaverton, Ore. based sneaker giant said it wants to better use its capital to invest in its growth areas, such as running, women's and the Jordan brand."This is how we will reignite our growth," CEO John Donahoe said in a memo obtained by CNBC."This is a painful reality and not one that I take lightly," he added. "We are not currently performing at our best, and I ult ...