Nike Layoffs Hit Its Secret Sneaker Archive Department.

Nike Inc. has made staff cuts to its Department of Nike Archives, a team responsible for collecting and preserving over 200,000 Nike shoes, gear, and artifacts. The archive, located in Oregon, is typically only accessible to designers, researchers, and marketers for inspiration. These layoffs are part of Nike's plan to reduce costs by $2 billion and have affected approximately 750 employees. The company has not provided any comment on the matter. [Extracted from the article]