People walk past a Nike store in New York.
Carlo Allegri | Reuters
“We will soon be forced to make some difficult choices that will likely result in a net reduction of jobs,” said the email sent late Thursday, according to Complex Magazine.
Nike, whose stock has rallied more than 50% from its March 23 close, reported that sales were down 38% with a net loss of $790 million in the fiscal fourth quarter, after Covid-19 forced the closure of most of its stores around the world. It’s a rare miss for the company that has only fallen short of earnings…