May. 17 at 2:12 PM
Footwear giant Nike
cut nearly 800 workers in January, citing a plan to accelerate “automation” at its U.S. distribution centers. As of May 15, the stock was trading down nearly 35% from the time of its workforce reduction.
Similarly, Salesforce
has shed about 32% since news of its AI-driven layoffs became public around the end of last summer. The customer relationship management company slashed head count by 4,000 workers in September, noting that its AI-powered team of customer service bots called “Agentforce” had replaced some support engineers.
$NKE $CRM