Converse employees were told to work from home this week. Layoffs and restructuring are expected at the brand. Converse CEO Aaron Cain sent a note to employees about the changes. The Boston-based brand reported a 30% drop in quarterly sales. These actions are part of Nike CEO Elliott Hill's turnaround plan.
https://www.oregonlive.com/business/2026/02/layoffs-expected-at-nikes-converse-brand.html