Thread regarding Nike Inc. layoffs

PACE is the codename for Nike's massive corporate restructuring and operating model overhaul, announced by CEO Elliott Hill. Stripped of corporate PR speak, it is a sweeping plan to slash costs, shrink headcount, and untangle years of sluggish bureaucracy.The initiative is built around four major structural shifts:Supply Chain Modernization: Upgrading technology and making their massive supply chain more flexible so they can get products to shelves and consumers much faster. Geographic Consolidation: Smashing Nike's regional structure down from four regions into three streamlined geographies (Americas; Asia Pacific & Greater China; and EMEA) to push decision-making closer to local markets. The Bengaluru Hub: Building a major new corporate and technical campus in Bengaluru, India, to tap into local talent and scale operations. Workforce Reductions: Cutting jobs and restructuring roles starting in 2027 to eliminate corporate bloat and free up billions of dollars to redirect into product innovation and marketing. In short, "Pace" is Nike acknowledging that its current corporate machinery is too slow and heavy, and using a heavy-handed restructuring to try to outrun its slumping sales and fierce new competition.