Nike Announces 1,400 Job Cuts as Part of Turnaround Strategy
Nike has announced the layoff of approximately 1,400 employees, primarily in its technology department, as part of its 'Win Now' turnaround initiative. The cuts affect employees across North America, Asia, and Europe, and are part of a second round of layoffs in 2026. The company is consolidating operations and shifting manufacturing functions to reduce costs and streamline operations.
Tickers: $NKE
Topics: Corporate Strategy Layoffs Nike Restructuring Workforce Reduction