Nike Stock News

The Dow Jones Industrial Average is near record highs as the stock rally that began in spring 2023 continues. Comprised of 30 leading blue-chip stocks that are representative of the U.S. economy, the

Nike is laying off employees in response to slowing demand. The athleticwear giant's most recent quarterly report showed declining sales.

Oppenheimer downgraded Nike to perform and lowered its price target.

Nike is cutting 2% of its corporate workforce to cut costs. The company seeks to invest in priority areas such as running and its Jordan brand, according to CEO John Donahoe.

Athletic apparel giant Nike (NYSE: NKE ) is cutting 1,600 jobs, roughly 2% of its staff, as demand for its products slows down. The company hopes to cut costs by $2 billion over the next three years.

Nike has laid out restructuring plans which will see thousands of employees laid off after demand for its shoes has come under pressure. Some 2% of the sport's retailers global workforce, equating t

Nike is cutting 2% of its current workforce, or more than 1,500 jobs, as it looks to redeploy its resources amid a broad restructuring.

Nike Inc. is reportedly looking to cut more than 1,600 jobs, as part of its plan to cut costs so it can create capacity to boost profitability and innovation.

Nike plans to use the savings to invest more in areas such as running, women's apparel and the Air Jordan brand, according to a report from The Wall Street Journal.

Nike on Thursday said it will cut about 2% of its total workforce, or more than 1,600 jobs, as the sportswear giant looks to cut costs after flagging weaker profits this year.

The layoffs are part of the sneaker giant's plan to shed $2 billion in costs over the next three years.

In the most recent trading session, Nike (NKE) closed at $106.33, indicating a +1.27% shift from the previous trading day.

Nike (NKE), Walmart (WMT), and Tesla (TSLA) are today's big three stocks. Don Kaufman and Ben Lichtenstein discuss the technical trends, as well as how to trade these names.

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