Nike announces new restructuring, layoffs. Stock dips to lowest level in 13 years — Live Feedhttps://www.live-feeds.com/feed/nike-announces-new-restructuring-layoffs-stock-dips-to-lowest-level-in-13-yearsContinuously updated, source-cited coverage. Nike Announces Restructuring and Layoffs as Shares Hit 13-Year Lowhttps://www.live-feeds.com/feed/nike-announces-new-restructuring-layoffs-stock-dips-to-lowest-level-in-13-yearshttps://www.live-feeds.com/feed/nike-announces-new-restructuring-layoffs-stock-dips-to-lowest-level-in-13-years#u102436Mon, 05 Oct 2026 11:36:36 +0000Nike announced a sweeping restructuring plan alongside pending job cuts after reporting a first-quarter revenue miss and disappointing sales. The operational changes include shrinking operations, merging regional businesses, and introducing a new program called Pace. Following the announcement, Nike shares plunged, dropping 10 percent in one session and hitting their lowest level in 13 years. The athletic apparel giant also projected an overall sales decline for the fiscal year as it attempts to turn around its business and address falling revenue.Why it mattersThe sportswear icon has faced mo