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Finans Nike Shares Fall on Weak Sales Outlook and Restructuring Plan
The company also said layoffs will begin next year as it forecasts a sharp revenue decline in fiscal 2027.
Finans Nike to Cut Jobs in 2027 as Restructuring Deepens
Nike said fiscal 2027 revenue is expected to decline in the high single digits, sending the stock down 3% after earnings.
Ekonomi Uber cuts more than 3,000 jobs in major restructuring
The company will reduce about 10% of its global workforce as it trims management layers and redirects spending to its core businesses.