Nike plans job cuts as it forecasts lower sales

Business

Finance

October 2, 2026

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Nike plans job cuts as it forecasts lower sales

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NEW YORK, United States (AFP) — Nike plans to cut an undetermined number of jobs and establish a new campus in India as it seeks to accelerate a turnaround following another downcast quarter.

The sports giant unveiled the plan as it reported a modest decline in quarterly profits on lower sales.

The company projected sales in the current fiscal year would fall by “high-single digits,” according to an earnings statement.

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Sourced from Jamaica Observer. Visit their website to read the full story.

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