https://www.live-feeds.com/feed/nike-plans-job-cuts-under-sweeping-restructuring-planContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/nike-plans-job-cuts-under-sweeping-restructuring-planhttps://www.live-feeds.com/feed/nike-plans-job-cuts-under-sweeping-restructuring-plan#u104705Tue, 06 Oct 2026 01:30:20 +0000Nike is implementing a sweeping restructuring plan that includes job cuts and a $2.5 billion cost-cutting drive to revive financial growth. CEO Elliott Hill stated the overhaul aims to make the company more agile, efficient, and athlete-focused. The move follows a steep revenue drop and a high-single-digit revenue decline forecast for the year. The company is reorganizing its global operations into three geographies: the Americas; Asia Pacific and Greater China; and Europe, the Middle East and Africa, while focusing on supply chain modernization.Why it mattersThe company is struggling with a d