Nike announced a new round of layoffs affecting its corporate team, with 1% of employees being let go. Net sales fell 12% in Q4 of 2025, but shares rose by 15% post-earnings call. CEO Elliott Hill is optimistic about Nike’s turnaround. Previous layoffs targeted Nike’s technology division and resulted in $2 billion in savings. Hill outlined a “Win Now” strategy for Nike, Jordan Brand, and Converse, focusing on key markets like the U.S., U.K., and China. Nike’s running line is already showing growth, with the Vomero franchise hitting $100 million in sales.

Read more at Yahoo Finance: Nike Has A New Round of Layoffs: Who’s Impacted