Nike prepares workforce reductions and India campus amid prolonged sales decline

  • Nike is preparing another round of workforce reductions and an India campus.
  • Sales decline deepened in Nike’s latest quarter.
  • Nike disclosed the restructuring plans with its fiscal first-quarter update.

Nike is preparing another round of workforce reductions and plans to establish a new campus in India as it seeks to reverse a prolonged sales decline that deepened in its latest quarter. The Beaverton, Oregon-based company disclosed the restructuring plans alongside its fiscal first-quarter update.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.
Nike prepares workforce reductions and India campus amid prolonged sales decline - CoinPost Terminal