Nike shares plummet 10% after weak revenue outlook and layoff plans underway

Newseze Wire·Fri, Oct 2, 10:00 AMWire: CNBC Top News

Nike's shares plummeted in premarket trading, continuing a second straight day of declines after it reported falling revenue and plans to lay off staff.

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Nike's shares plummeted in premarket trading, continuing a second straight day of declines after it reported falling revenue and plans to lay off staff. The story falls into Newseze's economy desk and is being actively tracked by our editorial team. Calm framing, primary-source references, and respectful tone — every Newseze story is scored for drama and conspiracy before it reaches you. Worth knowing: Newseze refreshes its newsroom every hour and flags fast-moving local and breaking news as it develops. Watch this page for updates. Reporting: CNBC Top News.

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Nike shares plummet 10% after weak revenue outlook and layoff plans underway

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