US Top News and Analysis | Nike cuts 1,400 roles in second round of layoffs this year

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Nike announced a new round of layoffs on Thursday, cutting roughly 1,400 jobs—mostly in its technology department—across North America, Asia and Europe. The cuts, which represent less than 2 percent of Nike’s global workforce, are part of the company’s “Win Now” turnaround strategy aimed at reshaping its tech team, modernizing manufacturing, consolidating Converse footwear operations and integrating material‑supply processes. This follows earlier reductions of 775 roles in January (mainly at U.S. distribution centers) and a smaller layoff wave last summer. CEO Elliott Hill, who has been working to reverse years of slumping sales, warned that revenue will keep falling through the year, with an expected 20 percent decline in China for the current quarter.

Read more: https://www.cnbc.com/2026/04/23/nike-job-cuts-layoffs.html

#Nike #Converse #Alagirisamy #ElliottHill #VenkateshAlagirisamy

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