# Nike shares plunge 10% after weak revenue outlook and layoff plans

https://mins.news/en/item/83336

- CNBC, 2026-10-02 10:11 UTC
- Economy
- Original: https://www.cnbc.com/2026/10/02/nike-nke-stock-q1-earnings-layoffs.html

> Nike shares plunged 10% in premarket trading, extending a second straight day of declines after the company reported falling revenue and plans to cut staff.

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