https://www.live-feeds.com/feed/nike-ceo-warns-of-new-layoffs-next-year-amid-changing-operating-modelContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/nike-ceo-warns-of-new-layoffs-next-year-amid-changing-operating-modelhttps://www.live-feeds.com/feed/nike-ceo-warns-of-new-layoffs-next-year-amid-changing-operating-model#u100683Mon, 05 Oct 2026 00:36:04 +0000Nike CEO Elliott Hill has warned employees of additional layoffs scheduled for next year as the company modifies its operating model. This move follows a period of financial instability marked by lower first-quarter revenue and missed estimates, leading the company to project a sales decline for the current year. The restructuring effort aims to boost a sputtering turnaround, but the news has already caused Nike stock to drop to its lowest level in 13 years and impacted share prices for competitors like Lululemon and Under Armour.Why it mattersNike is the world's largest supplier of athle