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Nike cuts 1,400 roles in second round of layoffs this year

Source: cnbc.com cnbc.com
News Snapshot:

Nike announced roughly 1,400 layoffs, primarily in its technology department, on Thursday. The retailer said the job cuts are part of its efforts to better position the company for future growth as part of its "Win Now" strategy. The layoffs come after 775 Nike roles were eliminated in January. People walk past a Nike store in New York City, on April 2, 2025. Kylie Cooper | Reuters Nike announced a new round of layoffs on Thursday impacting approximately 1,400 roles across the organization, mostly concentrated in its technology department. In a note from COO Venkatesh Alagirisamy, the company said the…

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