AI & Jobs

#nike · How AI Is Reshaping Work

Tracking how AI is reshaping roles, departments, and industries — updated daily.

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Nike Puts $2.5B of Savings Behind Pace and Says Roles Will Go in 2027

Nike disclosed a multi-year program called Pace on October 1: about $2.5B of cumulative savings through fiscal 2031 for about $1.0B in charges. CEO Elliott Hill says it means fewer roles, with decisions starting in 2027. AI is not mentioned.

Oct 1, 2026

#nike#restructuring#layoffs

AI & Jobs

Wall Street's Verdict, May 17: CNBC Counts 56% of AI-Layoff Stocks in the Red Post-Announcement — Nike -35%, Salesforce -32%, Fiverr Down, Average Decline ~25% Among Fallers — Cisco's +20% After-Hours Pop on $5.3B AI Orders the Cleanest Counter-Example

CNBC's May 17 tally: 56% of companies that announced AI-linked layoffs have traded in the red since — average decline 25% — with Nike off 35% and Salesforce off 32%. The market is not paying for the press release.

May 18, 2026

#stocks#ai-layoffs#nike

AI & Jobs

Nike Just Cut 1,400 Jobs — Mostly Tech — and Quietly Moved the Engineering Center of Gravity From Beaverton to Bangalore

Nike's second round of 2026 cuts hits 1,400 — mostly technology roles — while consolidating engineering into two hubs: Beaverton and the Nike India Technology Center. The map matters more than the headcount.

Apr 25, 2026

#nike#tech-layoffs#offshoring