The "second phase of impacts" would begin by June 28 at its headquarters, Michele Adams, Nike's vice president for people solutions, said in a legally mandated notice to state authorities. Nike had in December announced a cost savings plan for $2 billion over the next three years, and in February said it would cut about 2% of its total workforce, or more than 1,600 roles. It had about 83,700 employees as of May 31, 2023.
Togo lawmakers on Friday gave final approval to a constitutional reform that switches to a parliamentary system that triggered criticism from opposition parties who say it allows President Faure Gnassingbe to keep a grip on power. The approval came days before April 29 legislative elections in Togo, where the opposition dismissed the reform as a "constitutional coup" for creating a new prime minister-style post they say will allow the Togolese leader to avoid term limits to stay in office.Togo's
Netflix stock plunged after the streaming video leader said it would stop giving quarterly subscriber numbers next year.