New York, Oct 1, 2026 (AFP) - Nike plans job cuts as it forecasts lower sales

NAMPA / AFP

2026-10-02

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. "We're building Nike for the long term," Chief Executive E......

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