North American sporting goods company Nike announced that it will lay off 1,400 workers, almost 2% of its workforce, mainly in the technology area, with the changes it is making to global operations.
“These changes will result in the reduction of approximately 1,400 jobs, mainly in the Technology area”said Nike Executive Vice President and Chief Operating Officer Venkatesh Alagirisamy.
The person in charge said that these changes “aim to make the company less complex and more agile”, emphasizing that, Going forward, that means streamlining some aspects of Nike’s operation, utilizing more advanced automation, and building an even stronger foundation for future growth.
In January, the Oregon-based company, which employs approximately 78,000 people, announced the elimination of 775 jobs at its distribution centers.
Nike reported a net profit of 520 million dollars (445 million euros) between December 2025 and February 2026, the third fiscal quarter, 35% less compared to the same period the previous year.
Sales totaled 11,279 million dollars (9,643 million euros) in the quarter, remaining stable.
For the last quarter of the fiscal year, the multinational predicts a drop in revenue between 2% and 4%with moderate growth in North America, largely offset by declines in China and Converse.
