Nike Announces Additional Layoffs Amid Stock Decline

Nike announced another round of layoffs affecting 1,400 employees as its stock price has dropped more than 70% from pandemic highs. The company is implementing cost-cutting measures under CEO Elliot Hill's 'Win Now' strategy to improve performance and adapt to market conditions.

By Danni Santana May 2, 2026 4 min read · Yahoo Finance · May 2, 2026, 10:35 UTC

Nike Announces Additional Layoffs Amid Stock Decline

Tickers: $NKE

Topics: corporate strategy layoffs Nike stock decline

Read the full article at Yahoo Finance

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