Nike has said it will trim 1,400 jobs globally amid a period of stagnating sales. This new structure aligns all of our teams toward our ultimate goal—to deliver innovation, at speed, through more direct connections One reason for the cuts has to do with Nike's goal of hitting $50 billion in sales by 2020. It's been a tough time for athletic companies like Nike as consumer spending jumps online. Nike has 70,700 employees worldwide as of the company's latest annual filing.