Markets
Nike cuts 1,400 jobs in second round of layoffs this year
Nike announced approximately 1,400 job cuts globally, concentrated in its operations and technology departments. · This is the second round of...
Analysis
Nike's second layoff round in 2026, concentrated in technology, signals the turnaround is still in early innings and product velocity has not yet improved enough to justify stabilizing headcount. Elliott Hill's restructuring is consuming organizational capital faster than the revenue line is recovering, which keeps NKE trading on restructuring optionality rather than earnings power. The ongoing nature of cuts also suggests further workforce actions are likely before the company can credibly guide to margin recovery.
4 days ago