Nike

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

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

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

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

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

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

Nike’s China stumble exposes execution gaps

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

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 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