Nike Announces Third Round of Layoffs This Year in Restructuring Plan
NewsData.io · United States · Oct 2, 2026
Nike reported mixed fiscal first-quarter results and announced a restructuring plan that will include layoffs beginning next year, marking its third round of job cuts in 2026. The company cited sustained declines in its China business, where revenue dropped 26%, as a key driver of the restructuring. Nike has not specified the number of positions to be eliminated. Recruiters with retail, apparel, or consumer goods clients should anticipate increased candidate availability from Nike's workforce reductions.
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