Nike to lay off 775 employees at U.S. distribution centers

A shopper carries a Nike bag in the Union Square neighborhood of San Francisco, Jan. 21, 2026. David Paul Morris | Bloomberg | Getty Images Nike is cutting 775 employees…

Starbucks to close stores, lay off workers in $1 billion restructuring

In the message to employees Thursday, Niccol said the company had reviewed and identified stores where the company would be “unable to to create the physical environment our customers and…