Finance
Nike cuts some jobs in technology division
Published by Global Banking & Finance Review®
Posted on May 20, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 20, 2025
1 min readLast updated: January 23, 2026
Nike is laying off employees in its tech division, shifting some work to vendors. The company forecasts a revenue drop and has made leadership changes.
(Reuters) -Sportswear retailer Nike is laying off some of its employees in its technology division, a company representative told Reuters on Monday.
Nike will shift some of that work to third-party vendors, the representative said in an email, adding that the changes were announced last week.
The representative did not specify how many employees were laid off. It is not immediately clear how many people work in Nike's technology division.
Bloomberg News first reported the development earlier on Monday.
The Air Jordan maker in March forecast a steeper drop in fourth-quarter revenue than analysts had expected, striking a cautious tone as it works to rekindle interest among consumers who have defected to trendier rivals.
Earlier this month, Nike CEO Elliott Hill made several changes to the senior leadership team. Hill took the helm in October to lead a turnaround at a company that has lately struggled to design new and innovative shoes.
(Reporting by Chandni Shah in Bengaluru and Nicholas Brown in New York; Editing by Sonia Cheema)
The article discusses Nike's decision to lay off employees in its technology division and shift some work to third-party vendors.
Nike is restructuring its technology division and shifting some work to third-party vendors as part of its strategic changes.
Nike has forecasted a revenue drop and made changes to its senior leadership team under CEO Elliott Hill.
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