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Nike is cutting jobs and projecting a high-single-digit revenue decline as China sales drop 26%

The sportswear company's Pace restructuring plan will reorganize it into 3 geographic regions and is projected to deliver $2.5 billion in savings by 2031

Nike is cutting jobs and projecting a high-single-digit revenue decline as China sales drop 26%

We haven't written up this one. Quartz has the full story — the link below goes straight to it.

Also reported by 1 other outlet

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