Nike is cutting jobs and projecting a high-single-digit revenue decline as China sales drop 26%
- China: 309 events in the last 90 days
- Previous: earlier the same day · California tech executive arrested for allegedly smuggling $300M in Nvidia AI chips to China
What happened
The sportswear company's Pace restructuring plan will reorganize it into 3 geographic regions and is projected to deliver $2.5 billion in savings by 2031
Summary assembled by rule from the sources below