Nike cuts 1,400 more jobs in its second major round of layoffs this year [Yahoo! Finance]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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Source: Yahoo! Finance
Most of the layoffs will be from Nike's technology team, according to a company memo made public Thursday. “These changes are meant to make the company less complex and more responsive,” Nike's Chief Operating Officer Venkatesh Alagirisamy wrote in the memo. The layoffs are part of Nike's “Win Now” action plan to reverse a yearslong sales slump. Nike has cut 1,400 more jobs in its second major round of layoffs this year as the sportswear company looks to simplify its operations (AFP via Getty Images) Nike reported $46.3 billion in revenue in its 2025 fiscal year, which ended last May. This is down about 10 percent from its 2024 fiscal year. “Across the company, we have been taking deliberate steps to strengthen our foundation, sharpen how we compete, and build a model designed to deliver long-term profitable growth,” Alagirisamy said. In January, Nike announced plans to lay off nearly 800 employees at its distribution centers in Tennessee and Mississippi "We are sharpen
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- Read Nike's memo announcing 1,400 job cuts, most in tech, as it reshapes operations [Yahoo! Finance]Yahoo! Finance
- Nike announces roughly 1,400 layoffs in latest round of cuts [FOX Business Network]FOX Business Network
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NKE
Earnings
- 3/31/26 - Beat
NKE
Sec Filings
- 4/22/26 - Form 4/A
- 4/14/26 - Form 4
- 4/14/26 - Form 4
- NKE's page on the SEC website