NIKE IS BUDGETING FOR MORE JOB CUTS AND PLANNING A NEW CAMPUS IN INDIA Nike's Oct 1 SEC filing lays out a program it calls Pace. The board approved about $1.0 billion in new pre-tax charges, mostly employee severance. That comes on top of roughly $0.3 billion in severance Nike already booked in fiscal 2026. The same filing lists a new campus in India as part of the plan. Nike expects about $2.5 billion in total savings through fiscal 2031. Nike has already cut twice this year. About 775 jobs went at its U.S. distribution centers in January, and about 1,400 more went in April, mostly in technology. After April, Nike said its tech work would center on two hubs, Beaverton, Oregon and the Nike India Technology Center. Nike says decisions on which roles are affected start in 2027, and its Investor Day is Nov 16 and 17. So the severance money is already set aside, but Nike hasn't said how many jobs it covers.

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