Nike to implement major layoffs

Nike is implementing a companywide restructuring plan called "Pace" to improve agility and long-term growth, which includes job cuts and operational reorganization. The company plans to modernize its supply chain, establish new regional leadership in Singapore and Bengaluru, and expects to save about $2.5 billion through 2031. Decisions on affected roles will begin in 2027, with recent layoffs totaling roughly 1,400 jobs across various regions.

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