Nike Braces Converse Staff for Cuts as Sales Head to 15-Year Low

Converse employees have been instructed to work from home ahead of layoffs and restructuring at the struggling Nike Inc. brand.

The changes include new roles and team moves for some staff, according to a note from Converse Chief Executive Officer Aaron Cainviewed by Bloomberg News. Converse “also had to make difficult decisions” which will include “saying goodbye to friends and teammates,” he wrote.

The memo didn’t indicate how many positions were being eliminated. Nike declined to comment.

Cain announced that multiple senior executives are departing, according to an earlier memo also viewed by Bloomberg. Converse told employees it would ...