Global sportswear leader Nike, Inc. recently announced a plan to layoff at least 500 employees at its world headquarters in Beaverton, Oregon.

According to the company, these workforce reductions will be permanent, and the expected date will be October 1st. The broad-based layoffs are expected to include members of Nike’s corporate leadership team.

At the same time, a Nike analyst reported that the company’s layoffs could total 7-10% of its staff – as many as 7,500 people – in the coming months. Nike employs over 75,000 worldwide, with more than 12,000 working at the company’s global headquarters in Beaverton.

If you’re a Nike employee and you have questions or concerns about how these changes could affect you and your financial plan, or if you’re wondering what to do with your 401(k), stock options or Restricted Stock Units, we’re here to help. The Springwater Wealth team has been advising Nike employees for years, and we can help you, too.

We offer all prospective clients a complimentary consultation, so that you can get to know us, get answers to your pressing questions, and see if we’re the right advisors for you. Call (503) 482-7570 or email questions@springwaterwealth.com to schedule a consultation today.