- Nike cuts 1,400 more jobs in its second major round of layoffs this year The Independent —
- Nike chopping over 1,000 jobs as struggling sneaker giant tries to rebound from sales slump NY Post —
- Shock as Nike axes 1,400 jobs in second wave of brutal layoffs this year Daily Mail —
- Read Nike's memo announcing 1,400 job cuts, most in tech, as it reshapes operations Business Insider —
- Nike to cut around 1,400 jobs as years-long sales slump continues The Globe and Mail —
- Nike to Cut 1,400 Jobs as Part of Its Turnaround Plan The New York Times —
- Struggling Nike will cut around 1,400 jobs in efficiency push - Reuters Reuters —
- Nike Cutting 1,400 More Jobs. The Stock Is Rising. Barrons —
- Nike to Lay Off 1,400 Workers in Latest Round of Layoffs Wall Street Journal —
- Struggling Nike will cut around 1,400 jobs The Straits Times —
Nike to Cut 1,400 Jobs
The job cuts, which account for about 2% of Nike's total staff, will primarily affect the company's technology and manufacturing departments.
An internal memo revealed that the layoffs are part of a broader turnaround plan aimed at modernizing operations and improving efficiency.
Nike shares have lost significant value over the past three years, with competitors like Hoka and On gaining market share.
This latest reduction follows an earlier round of 800 job cuts in January.