Nike will cut 1,400 corporate jobs, mainly concentrated in the technology department

Glonghui, April 24 — Nike will lay off 1,400 employees, accounting for less than 2% of its total workforce. The sports goods company is striving to get its turnaround plan back on track. The company stated on Thursday that these layoffs will mainly affect technical positions within Nike's global operations team. Chief Operating Officer Venkatesh Alagirisamy said in a letter to employees that Nike is streamlining its organizational structure and adopting more advanced automation technologies. This marks the latest restructuring under CEO Elliott Hill. Last summer, Nike cut less than 1% of its corporate staff and in January laid off about 775 people at its distribution centers to advance operational automation.