From Financial Modeling Prep: 2025-05-20 06:53:00

Nike has laid off employees in its technology division, outsourcing to cut costs and focus on core design. The move follows a leadership shake-up and aims to boost digital strategy.

Despite restructuring, Nike maintains strong credit and liquidity. With an AA- corporate rating and over $7 billion in cash, the company is financially resilient.

Investors should watch for new tech partnerships, margin trends, and leadership updates to track Nike’s digital and financial performance. Nike aims to improve momentum in digital channels and product innovation with a leaner tech footprint.



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