Nike Announces Latest Round of Layoffs

Restructuring Efforts Continue with Nearly 1,000 Job Cuts

In a move to further streamline its operations and reduce costs, Nike has announced plans to lay off nearly 1,000 employees. This decision is part of the company's ongoing efforts to restructure its business and navigate the challenges posed by weakening demand. The layoffs will affect various roles within the company, as Nike seeks to optimize its workforce and improve efficiency.

Background on Nike's Restructuring Efforts

This latest round of layoffs follows a previous announcement made by Nike in February 2025, where the company stated its intention to cut 1,600 jobs, or approximately 2% of its total workforce. At the time, the move was seen as a strategic effort to reduce costs and enhance profitability in the face of declining sales. With the current layoffs, Nike aims to further consolidate its operations and position itself for long-term success.

Impact on Nike's Workforce and Operations

As of May 31, 2025, Nike employed around 77,800 people worldwide, including retail staff and part-time workers. The upcoming layoffs will reduce this number, as the company seeks to right-size its workforce and align it with current business needs. While the layoffs may have a short-term impact on morale and productivity, they are expected to contribute to long-term cost savings and operational efficiency.

Conclusion

Nike's decision to lay off nearly 1,000 employees marks the latest step in its restructuring journey. As the company continues to navigate the complexities of the global market, it remains committed to innovation, customer satisfaction, and operational excellence. Through these efforts, Nike aims to emerge stronger and more resilient, poised for success in an ever-evolving business landscape.