Nike Cuts Under 1% of Corporate Staff in Elliott Hill's Sport-First Overhaul
CONFIRMED83% CONFIDENCECNBC's[1][3] report, published Thu, Aug 28 2025, quotes Nike's statement and its staff memo on the cuts.
Nike confirmed on 28 August 2025 that it would lay off less than 1% of its corporate staff as CEO Elliott Hill reorganised teams around sports rather than men's, women's and kids', with affected staff told by 8 September.