- Nike to Cut 1,400 Jobs as Part of Its Turnaround Plan The New York Times —
- Nike cuts 1,400 roles in second round of layoffs this year CNBC —
- Nike Cutting 1,400 More Jobs. The Stock Is Rising. Barrons —
- Read Nike's memo announcing 1,400 job cuts, most in tech, as it reshapes operations Business Insider —
- Nike cuts 1,400 more jobs in its second major round of layoffs this year The Independent —
- Nike to cut around 1,400 jobs as years-long sales slump continues The Globe and Mail —
- Nike chopping over 1,000 jobs as struggling sneaker giant tries to rebound from sales slump NY Post —
- Struggling Nike will cut around 1,400 jobs The Straits Times —
- Struggling Nike will cut around 1,400 jobs in efficiency push - Reuters Reuters —
- Shock as Nike axes 1,400 jobs in second wave of brutal layoffs this year Daily Mail —
- Nike to Lay Off 1,400 Workers in Latest Round of Layoffs Wall Street Journal —
Nike to Cut 1,400 Jobs
This marks the second major round of layoffs for the athletic giant this year, following the elimination of nearly 800 positions in January.
Nike’s stock has lost more than half its value over the last three years as it struggles to compete with nimbler rivals like Hoka and On.
A company memo revealed that the restructuring is intended to modernize tech and manufacturing operations.
Investors have expressed concern that the company is moving too slowly to regain its market dominance.