Nike plans further layoffs as it targets $2.5bn in savings

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  "signal_type": "news",
  "signal_subtype": "expands_facilities",
  "detected_at": "2026-10-05T09:50:25+00:00",
  "company": {
    "name": "Nike",
    "domain": "nike.com"
  },
  "data": {
    "url": "https://anz.peoplemattersglobal.com/news/workforce-planning/nike-plans-further-layoffs-as-it-targets-dollar25bn-in-savings-52519",
    "title": "Nike plans further layoffs as it targets $2.5bn in savings - People Matters Global",
    "excerpt": "Nike plans to reduce its workforce as part of its latest restructuring programme, with the sportswear giant targeting approximately $2.5 billion in cumulative savings through fiscal 2031. The company has not disclosed how many roles will be eliminated, but said its Pace operating model overhaul will change the size and structure of its workforce as Nike seeks to streamline operations, reduce duplication and redirect resources to priority areas. Nike President and Chief Executive Officer Elliott Hill outlined the workforce changes during the company’s earnings call. “And the final part of Pace is enhancing the way we work across Nike, which will change the shape and size of our workforce,” Hill said. Hill said Nike will add capabilities in some areas and eliminate duplication in others. “Over time, those changes will reduce the overall number of roles across Nike, Inc.,” Hill noted. Layoffs under Pace The workforce reductions form part of Pace, a broader operating model overhaul that builds on the cost realignment plan Nike announced in March 2026. Nike expects approximately $2.5 billion in cumulative savings from the programme through fiscal 2031, before charges and reinvestment. The company expects the majority of these savings to come through in fiscal 2029 and fiscal 2030, with full realisation continuing into fiscal 2031. Pre-tax charges linked to Pace are expected to...",
    "summary": "Nike is establishing a new campus in Bengaluru, India, which will be staffed by full-time employees across several functions.",
    "location": "Bengaluru, India",
    "planning": true,
    "image_url": "https://asset.peoplematters.in/images/38955c16-faa8-43cc-ae6e-b404d13d04cf.jpg",
    "confidence": 0.9,
    "published_at": "2026-10-05T09:50:25Z",
    "location_data": [
      {
        "city": "Bengaluru",
        "state": "Karnataka",
        "region": "Southern Asia",
        "country": "India",
        "continent": "Asia",
        "fuzzy_match": false
      }
    ],
    "article_sentence": "Nike is also establishing a new campus in Bengaluru, India, staffed by full-time employees across several functions who will work with teams around the world."
  }
}

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  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"nike.com","limit":20}'