{
  "id": 11449023,
  "title": "Nike is cutting jobs and projecting a high-single-digit revenue decline as China sales drop 26%",
  "url": "https://urgent.news/2026/10/02/nike-is-cutting-jobs-and-projecting-a-high-single-digit-revenue",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-02T13:40:28.000Z",
  "source": {
    "name": "Quartz",
    "slug": "quartz",
    "url": "https://qz.com/nike-job-cuts-pace-restructuring-china-revenue-decline-100226"
  },
  "original_language": "en",
  "account": null,
  "summary": "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",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNBC Technology",
        "title": "The jobs report, Nike's China conundrum, Burger King's franchise bet and more in Morning Squawk",
        "url": "https://urgent.news/2026/10/02/the-jobs-report-nikes-china-conundrum-burger-kings-franchise-bet-and",
        "published": "2026-10-02T12:20:16.000Z"
      }
    ]
  },
  "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."
}