Nike cutting more jobs as turnaround struggles continue

Nike Plans More Job Cuts as Sales Forecast Slumps Amid $2.5B Restructuring

Nike's Pace restructuring will cut roles from 2027 and target $2.5B in savings through 2031, as the sportswear giant forecasts falling annual sales.

Nike Stock Sinks as Sales Pressure Mounts. Its $2.5 Billion Cost-Cutting Is Set To Bring More Layoffs.

The company reported declining quarterly sales and laid out a weaker-than-expected outlook.

Nike cutting more jobs as turnaround struggles continue

Nike is slashing cut jobs as part of a sweeping corporate restructuring initiative to reignite financial growth and streamlining its business model.

Nike continues to cut back: new job losses after sharp decline in China - RetailDetail EU

Now that the recovery is taking longer than expected, Nike is cutting jobs again. The sports giant is streamlining its global structure and aims to achieve $2.5 billion in cost savings by 2031. The ongoing downturn in China, in particular, is putting pressure on the turnaround under CEO Elliott Hill.

Nike Plans 2027 Job Cuts In Restructuring Targeting $2.5 Billion In Savings

Nike plans more job cuts to boost sputtering turnaround, forecasts steep revenue drop