Shocking Nike Stock Drop Follows Sales Miss and Layoffs
Nike stock fell after the retailer missed revenue estimates, announced layoffs beginning in 2027, and forecast a high-single-digit fiscal 2027 sales decline.
Nike stock fell after the retailer missed revenue estimates, announced layoffs beginning in 2027, and forecast a high-single-digit fiscal 2027 sales decline.
Amazon layoffs are set to be the largest in the company’s history, impacting 30,000 employees across various divisions.