Nike has slowed hiring, and expects the slowdown to continue into June

• On a call Tuesday with stock analysts, Nike CFO Matt Friend said Nike recently slowed hiring.
• Friend said the effort started two quarters ago and Nike expects it to continue into the summer. 
• Friend said the hiring slowdown is part of an effort to manage expenses given an uncertain economy. 

Nike Chief Financial Officer Matt Friend on Tuesday said the company slowed its hiring efforts two quarters ago, and the company expects the slowdown to continue into the summer.

Friend made the comments on a call with analysts after the company reported sales and earnings well ahead of forecasts. He characterized the hiring slowdown as a way to manage expenses against an uncertain economic backdrop.