Nike is cutting about 1,700 jobs

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Question		Answer
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. start learning		(phrasal verb) = shed, trimming
behemoth as the sportwear behemoth looks to cut as much as 2 billion dollars in costs. start learning		(noun) = titan
grateful we are grateful for the contributions made by all Nike teammates start learning		(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. start learning		(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. start learning		(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. start learning		(adj) tuỳ ý
upstart brands Nike is also facing tough competition from upstart brands like Hoka and On Cloud. start learning		(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. start learning		(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 start learning		(verb) maintain at low level, cannot improve

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