Nike is implementing further workforce reductions as part of its Pace restructuring program. This initiative aims to achieve approximately $2.5 billion in cumulative savings by fiscal year 2031. The company plans to streamline operations, reduce duplication, and reallocate resources to priority areas. While the exact number of affected roles has not been disclosed, leadership indicated changes to the workforce's size and structure. These layoffs are a component of a broader operating model overhaul designed to drive business turnaround.
https://anz.peoplemattersglobal.com/news/workforce-planning/nike-plans-further-layoffs-as-it-targets-dollar25bn-in-savings-52519