Phase 1 — Feb 2024
~1,700
Nike's first wave cut ~2% of global workforce (~1,700 corporate roles) as part of $2B cost-savings plan announced in Dec 2023.
1,500+ corporate roles cut at Nike's Oregon HQ in a two-phase restructuring — including 740 in the second phase alone — as Nike reins in costs amid a sales slump and CEO transition. Get back on your feet faster with AI-powered interview prep, resume builder, and auto-apply job hunter.
1,500+
Corporate Roles Cut
2 Phases
Feb + Apr 2024
Marketing · Product · Tech
Top Affected Divisions
Beaverton, OR HQ
Hardest-Hit Location
Verified data from Reuters, Bloomberg, CNN, AP and other authoritative sources covering the Nike layoffs.
Phase 1 — Feb 2024
Nike's first wave cut ~2% of global workforce (~1,700 corporate roles) as part of $2B cost-savings plan announced in Dec 2023.
Phase 2 — Apr 2024
Nike confirmed second phase: 740 more layoffs at world HQ in Beaverton, Oregon, beginning June 28, 2024 — largest layoff in Nike's history.
Restructuring Charges
Nike recorded ~$300M in restructuring charges related to the 2024 layoffs — including severance, outplacement, and facilities consolidation.
Severance Package
Nike offers tenure-based severance, healthcare continuation (COBRA), accelerated RSU vesting through next vest, outplacement services, and career transition support.
Common challenges Nike employees face after a layoff — and how Final Round AI helps you overcome them.
Nike-specific terms (KC, GEO, Categories, FOB) and matrix-org titles don't translate cleanly to non-Nike consumer or tech ATS systems.
Long-tenured Nike employees often haven't interviewed externally in 10+ years — modern STAR, case, and portfolio interviews feel foreign.
Adidas, Under Armour, Puma are also cutting. Pivoting to broader consumer/CPG, DTC e-commerce, or tech product roles opens broader options — but requires repositioning.
We also cover workforce reductions at peer companies so you can compare context and prepare cross-company. Explore more layoff trackers related to Nike.
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