Nike Plans Job Cuts to Save $2.5 Billion as China Sales Slide 26%
Nike Plans Global Job Cuts, Restructuring for $2.5 Billion SavingsNike's Recovery Dented by Kylian Mbappé Departure, Strategic Errors, and Undershot RevenuesNike Announces Layoffs, Restructuring Amid Disappointing SalesNike Shares Plummet on Weak Revenue Outlook, 2027 Layoff PlansNike Stock Sinks 6% on Missed Revenue, Announces LayoffsNike Stock Plunges on Weak Fiscal 2027 Revenue Outlook and Q1 MissNike CEO Warns of New Layoffs in 2027 Amid "Pace" Operating Model RestructuringNike Shares Drop Over 8% on Weak Q1 Revenue, China Woes, and Layoff PlanNike Stock Sinks 6% After Missing Revenue Estimates, Announcing Job CutsZscaler Sinks 9% on Chief Revenue Officer Exit, Fastly Drops 6% as Citi Questions AI Traffic Payoff - 24/7 Wall St.