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.

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