Nike has cut 1,400 more jobs in its second major round of layoffs this year as the sportswear company looks to simplify its operations. Most of the layoffs will be from Nike’s technology team, according to a company memo made public on Thursday.
‘These changes are meant to make the company less complex and more responsive,’ Nike’s Chief Operating Officer Venkatesh Alagirisamy wrote in the memo. The layoffs are part of Nike’s ‘Win Now’ action plan to reverse a years-long sales slump.
Nike reported $46.3 billion in revenue in its 2025 fiscal year, which ended last May. This is down about 10 per cent from its 2024 fiscal year. ‘Across the company, we have been taking deliberate steps to strengthen our foundation, sharpen how we compete, and build a model designed to deliver long-term profitable growth,’ Alagirisamy said.
In January, Nike announced plans to lay off nearly 800 employees at its distribution centres in Tennessee and Mississippi. The new round of layoffs will affect workers across the world, with employees in North America, Europe and Asia facing job cuts.
‘To teammates whose roles are impacted, thank you. Your contributions have helped build this company, and we are grateful for the work, commitment, and care you have brought to Nike,’ the company’s chief operating officer said in Thursday’s memo. Alagirisamy added that affected workers would hear directly from their leaders and HR partners starting Thursday, and that the company would work to ensure they had clear information and support through the transition.
