Nike has announced a significant restructuring plan that includes unspecified job eliminations. This move comes as the company reported quarterly sales that fell short of analyst expectations. The restructuring will involve consolidating sales regions and establishing a new campus in India. CEO Elliott Hill stated the changes aim to accelerate momentum in the performance business. Employee impacts from these decisions are expected to begin in 2027.
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https://www.oregonlive.com/business/2026/10/nike-announces-new-restructuring-layoffs-stock-dips-to-lowest-level-in-13-years.html