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Nike Announces Layoffs, Operating Changes as Q1 Sales Fall Further

Posted on October 1, 2026
By Vogue
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1 min read

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Nike Announces Layoffs, Operating Changes as Q1 Sales Fall Further

Nike shares fell another 6% after the company reported a 5% revenue dip in the first quarter of fiscal 2026, missing expectations. Nike introduced a new program, Pace, which will involve layoffs.