Nike is cutting about 1,700 jobs

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lay off Nike will lay off about 2% of its employees or close to 1,700 people, as the sportwear behemoth looks to cut as much as 2 billion dollars in costs. начать обучение		(phrasal verb) = shed, trimming
behemoth as the sportwear behemoth looks to cut as much as 2 billion dollars in costs. начать обучение		(noun) = titan
grateful we are grateful for the contributions made by all Nike teammates начать обучение		(adj) tri ân
slash In December, Nike slashed its revenue forecast and announced cost cuts amid growing concerns that customers around the world are slowing their spending. начать обучение		(verb) reduce something by large amount
pass up Customers are changing their behavior, passing up discretionary purchases of goods for basics and experiences such as concerts and travel. начать обучение		(phrasal verb) to choose not to make use of a chance or opportunity
discretionary mua sắm tuỳ ý Customers are changing their behavior, passing up discretionary purchases of goods for basics and experiences such as concerts and travel. начать обучение		(adj) tuỳ ý
upstart brands Nike is also facing tough competition from upstart brands like Hoka and On Cloud. начать обучение		(noun) new brands nhãn hàng mới nổi
downbeat China, the world’s second-largest economy, is facing huge challenges, from downbeat consumers to a real-estate slump and weaker exports. начать обучение		(adj) = gloomy or depressing
flatline Europe avoided a recession by the slimmest of margins in the last three months of 2023, with its economy flatlining начать обучение		(verb) maintain at low level, cannot improve

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