Nike

Converse CEO promises staff new brand strategy will work amid layoffs, dismal quarterly sales

As the company’s challenges deepen, questions have swirled about whether Nike will keep it in the fold

Meta plans to cut 10% of its workforce – about 8,000 employees – from May 20.

Meta, Amazon, Wall Street: Global giants slashing headcounts worldwide

BT rounds up recent moves by major companies to pare their workforce in 2026

Nike will move some manufacturing operations for its struggling Converse brand closer to Nike’s factory partners, it said.

Struggling Nike will cut around 1,400 jobs in efficiency push

Its shares have lost more than half their value in the last three years

Nike signage on the floor of the New York Stock Exchange in New York, US, March 30, 2026.

Nike results tops estimates as turnaround shows uneven progress

The company’s stock has lost about 17 per cent of its value in the last 12 months

Nike has now logged six straight quarters of decline in the China market

Nike’s China stumble exposes execution gaps

Insiders say top-down decision-making limits responsiveness to local market needs

Nike CEO Elliott Hill is looking to reassure investors that his turnaround efforts will pay off for the company.

Nike CEO Elliott Hill sees turnaround picking up from Europe to Asia

Hill’s rebuilding efforts come at a delicate time in the sneaker world

Nike reported a drop in gross margins for the second consecutive quarter in December, as poor sales in China and efforts to reset its product mix continued to vex it.

Nike slashes 775 jobs in US to speed up automation, boost profit

The sportswear brand has undergone several rounds of layoffs in recent years

The changes reshape Nike’s regional leadership at a time when the company is working to revive growth.

Nike reshuffles regional leadership as it looks to strengthen key markets

SPORTSWEAR giant Nike said on Tuesday it had appointed new leaders for its Europe, Middle East and Africa (EMEA), Greater China as well as Asia Pacific and Latin America regions, as it works to rebuil...