Nike announces roughly 1,400 layoffs in latest round of cuts

Nike announces roughly 1,400 layoffs in latest round of cuts

Panelists Josh Schafer, Elizabeth O’Brien and Al Root discuss top stock picks for 2026 on ‘Barron’s Roundtable.’ Roughly 1,400 people across Nike’s Global Operations team will be laid off, the company announced Thursday. In a memo to employees, Chief Operating Officer Venkatesh Alagirisamy said the cuts will primarily affect Nike’s technology division and span North…

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