Nike is initiating a significant four-year restructuring plan aimed at achieving $2.5 billion in cost savings. This initiative, named "Pace," will involve trimming the company's size and reorganizing its global operations. Layoffs are expected to commence in calendar year 2027 as part of these efforts. The company's financial performance has been impacted by declining sales and strategic shifts. Nike aims to revitalize its business through these comprehensive changes.
https://www.sportico.com/business/commerce/2026/nike-earnings-revenue-stock-price-1234946372/