"Nike is cutting about 1,400 roles in its global operations division, mainly in technology, as part of a broader effort to modernize and reshape its workforce."
"Venkatesh Alagirisamy stated that the company is in the 'final stretch' of its turnaround plan, which focuses on strengthening its foundation and enhancing competitive strategies."
"The layoffs are part of the 'win now' actions that aim to improve five key areas: culture, product, marketing, marketplace, and in-person presence."
Nike is reducing its workforce by 1,400 roles in the global operations division, mainly affecting technology positions. Chief operating officer Venkatesh Alagirisamy announced these layoffs in a memo, indicating that the company's turnaround plan is taking longer than anticipated. The plan, referred to as 'win now,' focuses on five key areas: culture, product, marketing, marketplace, and in-person presence. This marks the second round of job cuts in 2026, following previous reductions in distribution center jobs.
Read at www.businessinsider.com
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