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Article Date: October 2026
Word Count: 950

Nike’s New CFO Arrives with Cost Saving Plan


The Eager Beavertons’ new “Pace” plan aims to realize about $2.5 billion in total savings through fiscal 2031, largely through layoffs, global supply chain updates, a new campus in Bengaluru, India, and rolling Greater China into Asia-Pacific. CEO Elliot Hill described the new Indian office as housing full-time Nike staffers across functional areas, helping regional teams globally “with greater speed and precision.” And, of course, lower wages. Regionally, Latin America and North America will be combined into just Americas, while Greater China and Asia-Pacific will merge into a new APGC geography, ... Log in to view full article.

 


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