Nike is cutting about 1,400 jobs in its operations division, mostly from its technology department, the company said Thursday, April 24, 2026. The layoffs represent approximately 2% of the company's global workforce.
In a note to employees, Venkatesh Alagirisamy, the chief operating officer of Nike, said that management was nearly done reorganizing the division and that the cuts were part of a broader turnaround plan. The company has been focusing on cost-cutting and streamlining operations to boost profitability.
The job reductions come as Nike faces slowing sales growth and increased competition from rivals like Adidas and Hoka. The company has been working to reduce inventory and improve its direct-to-consumer strategy.
Nike's shares were down slightly in after-hours trading following the announcement. The company has not provided details on severance packages or the timeline for the layoffs.
