Read Nike’s Memo Revealing 1,400 Job Cuts in Operations, Technology
Read Nike’s Memo Revealing 1,400 Job Cuts in Operations, Technology
https://www.businessinsider.com/read-memo-nike-reduces-workforce-1-400-roles-tech-shifts-2026-4
Publish Date: 2026-04-23 19:01:00
Source Domain: www.businessinsider.com
Nike is benching some of its employees.
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The sportswear giant said Thursday that it is cutting about 1,400 roles in its global operations division, mainly in technology. Venkatesh Alagirisamy, who became chief operating officer in December, announced the reductions in a memo to staff detailing several changes “in the coming weeks.”
Alagirisamy wrote that the company is in the “final stretch” of the turnaround plan, dubbed its “win now” actions, which focuses on five key areas: culture, product, marketing, marketplace, and in-person presence.
The changes include modernizing manufacturing, reallocating resources, and reshaping Nike’s tech team, according to the memo.
The cuts mark Nike’s second round of cuts in 2026, following the elimination of 775 distribution center jobs.
CEO Elliott Hill told analysts in a March earnings call that the turnaround plan is taking “longer than I would like.”
Read the full memo below:
Team,NIKE, Inc. is in the final stretch of our Win Now action plan.Across the company, we have been taking deliberate steps to strengthen our foundation, sharpen how we compete, and build a model designed to deliver long-term profitable growth. Global Operations is critical to that effort.Today, I am sharing the next phase of that work and doing so with the entire company because of the scope and importance to our collective future.Over the coming months, we will continue…
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