Nike to cut about 1% of corporate staff amid turnaround effort: ReportNike previously had announced a job cut of 2 per cent in February last year, equaling more than 1,600 jobs, to lower expenses amid demand pressures.
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A woman walks past a Nike store.
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Nike is planning on cutting about 1 per cent of its corporate workforce as the footwear giant works towards a turnaround under CEO Elliott Hill, CNBC reported on Thursday, citing a company statement.
The layoffs will not affect Nike's EMEA and Converse businesses, and it is unclear how many jobs will be impacted, the report added.
As of May 31, Nike had about 77,800 employees worldwide, including retail and part-time employees.
Nike previously had announced a job cut of 2 per cent in February last year, equaling more than 1,600 jobs, to lower expenses amid demand pressures.
The company did not immediately respond to a Reuters request for comment.