Nike expects its recent restructuring plan to incur approximately $300 million in pre-tax expenses.

Glonghui, March 6｜Nike will record approximately $300 million in pre-tax charges related to severance costs arising from its restructuring plan. This move comes as Nike CEO Elliott Hill seeks to curb declining profit margins and update the product portfolio to revive sales. In January, the company cut about 775 jobs in the United States to accelerate automation. According to US media reports, Nike's subsidiary Converse is also laying off employees to realign its operating model with the parent company. In a regulatory filing submitted on Thursday, Nike stated that these charges (mainly related to employee severance costs) will be recognized in the third quarter of fiscal year 2026, and the company may take further similar actions, which could result in additional charges.