Nike announced a new reduction affecting 1% of its corporate employees with conversations and role changes scheduled through September. U.S. and Canadian staff will work remotely until Sept. 8 while discussions conclude, with a company meeting Sept. 10 and new roles effective Sept. 21. Net sales fell 12 percent in the final quarter of fiscal 2025, though shares rose after leadership signaled that the worst may be behind the company. Prior cuts targeted the technology division and spring 2024 reductions of 740 employees aimed to deliver about $2 billion in cost savings.
"Change can be difficult. It can also be what sharpens the edge, aligns the team and sets up the win,"
"And the W is ours to take, embracing an athlete mindset that leads with passion, commitment and determination."
"The results we're reporting in Q4 and in fiscal year 2025 are not up to the Nike standard,"
"But as we said 90 days ago, the work we're doing to reposition the business through our Win Now actions is having an impact. From here, we expect our business results to improve. It's time to turn the page."
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