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

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.

# Nike shares plummet 10% after weak revenue outlook and layoff plans underway 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. **Read the full article:** [CNBC](https://www.cnbc.com/2026/10/02/nike-nke-stock-q1-earnings-layoffs.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*