{
  "id": 11300688,
  "title": "Nike Announces Yet Another Round of Restructuring Amid Sales Drop",
  "url": "https://urgent.news/2026/10/01/nike-announces-yet-another-round-of-restructuring-amid-sales-drop",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-01T22:46:44.000Z",
  "source": {
    "name": "Business of Fashion",
    "slug": "business-of-fashion",
    "url": "https://www.businessoffashion.com/news/sports/nike-announces-yet-another-round-of-restructuring-amid-sales-drop/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Following a 4 percent drop in quarterly sales, Nike is overhauling global operations under its new “Pace” plan — a move that includes job cuts that will cost the company $300 million in severance.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}