# Nike Plans More Layoffs from 2027

> Nike aims to save $2.5 billion through 2031 layoffs under 'Pace' restructuring.
- Title: Nike Plans More Layoffs from 2027 · Financialexpress
- Summary: Nike aims to save $2.5 billion through 2031 layoffs under 'Pace' restructuring. Nike plans additional job cuts starting in 2027 to save $2.5 billion by…
- Keywords: nike, pace restructuring, layoffs, fiscal 2031, savings, restructuring, job cuts, 2027, fiscal 2024, bengaluru, india, supply chain
- Source: Financialexpress — https://financialexpress.com/world-news/us-news/nike-plans-more-layoffs-from-2027-as-pace-restructuring-aims-to-save-2-5-billion/4352833
- Author: Ashima Grover
- Published: 2026-10-03T09:35:53+00:00
- Read time: 1 min
- Topics: nike, pace restructuring, layoffs, fiscal 2031, savings, restructuring, job cuts, 2027, fiscal 2024, bengaluru, india, supply chain
## Nike Announces 'Pace' Restructuring
Nike plans to cut more jobs in 2027 as part of its 'Pace' restructuring to save $2.5 billion by fiscal 2031.
## Mixed Q1 Results
Nike reported $712 million net income down 2% from $727 million, with revenue dropping 4% to $11.21 billion.
## China Sales Decline
Nike's China business saw sales fall 26% in Q1 despite historically being a profit driver.
## CEO's Layoff Plan
CEO Elliott Hill said job cuts will begin in 2027 to make Nike more agile and athlete-focused.
## Global Layoffs
Nike plans to lay off 1,400 employees globally in technology roles across North America, Asia and Europe.
## Previous Layoffs
Nike already cut 775 employees in January 2024 and over 1,600 in February 2024 before this wave.
## New Bengaluru Campus
Nike plans a new campus in Bengaluru, India to support operations across Nike, Jordan Brand and Converse.
## Key takeaway

Nike plans additional job cuts starting in 2027 to save $2.5 billion by fiscal 2031.