Nike intends to lay off 1,400 employees. These job cuts will affect staff at its Converse brand. Most of the layoffs target technology roles. Converse is a Boston-based company. Nike's stock recently hit an 11-year low.
Boston, Massachusetts
https://www.bizjournals.com/boston/news/2026/04/28/converse-affected-by-nikes-1-400-layoffs.html