Nike Layoffs: How Much Sportswear Company Plans to Save With Job Cuts?

What this means for your job search: Prepare for higher competition in established tech functions. Focus on showcasing skills in emerging areas like AI, data science, or digital product innovation, as Nike is actively investing in new capabilities. Nike is planning further workforce cuts under its Pace restructuring programme, which targets USD 2.5 billion in cumulative savings through fiscal 2031. The plan involves eliminating duplicate roles, adding capabilities in growth areas and reorganising global operations. The company expects around USD 1 billion in pre-tax restructuring charges, mainly from severance costs.