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Nike cuts jobs, merges divisions

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Nike said it would cut jobs and combine sales divisions as the U.S. sportswear company intensified cost-cutting after weak sales and a disappointing 2027 outlook.

Kathimerini
Nike: What went wrong and how the sporting goods giant lost its momentum

From Michael Jordan and 'Just Do It' to the loss of Kylian Mbappé, the strategic mistakes that undermined Nike's dominance.

Nike: What went wrong and how the sporting goods giant lost its momentum
Reposts 1 8h
Frankfurter Allgemeine Zeitung
Nike tightens cost-cutting program

French supercomputer maker doubles production for European AI projects +++ Universal Music: More responsibility for Frank Briegmann +++ News on the company live blog

Nike tightens cost-cutting program
Reposts 1 16h
VRT NWS
Nike Cuts Jobs Again After Disappointing Results

The sportswear brand Nike will cut jobs again. The decision follows disappointing sales figures and a disappointing forecast for 2027, the company says. Nike is also merging its sales divisions.

Reposts 0 9h
El Pais
Nike completes layoffs after profits and sales fall in its first fiscal quarter

The American sportswear and footwear giant also outlines a geographic reorganization of its operations.

Nike completes layoffs after profits and sales fall in its first fiscal quarter
Reposts 0 9h
Die Presse
Nike to cut $2.5 billion: jobs at risk

The world's largest sporting goods company is battling declining sales and problems in key markets like China. With a new savings program, CEO Elliott Hill aims to turn things around.

Reposts 0 13h
Der Spiegel
Nike tightens savings program

Sportswear company Nike has been clawing its way out of a largely self-inflicted slump for more than a year. The recovery has recently been uneven. Now savings will be deeper.

Nike tightens savings program
Reposts 0 17h
Handelsblatt
Sporting goods giant Nike tightens its cost-cutting program

Nike has been clawing its way out of a largely self-inflicted slump for more than a year. The recovery has recently been bumpy. Now savings will be deeper.

Sporting goods giant Nike tightens its cost-cutting program
Reposts 0 19h
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