(Reuters) -Footwear brand Converse will cut jobs as part of parent company Nike's ( NKE ) on-going $2 billion cost savings plan, Bloomberg News reported on Tuesday citing an internal memo.

Nike ( NKE ) had laid out a costs saving plan in December that would stretch over the next three years and also include tightening the supply of some products and reducing management layers.

Nike ( NKE ) said in February it would cut about 2% of its total workforce, impacting more than 1,600 jobs as the company looked to rein in expenses in the face of weak consumer demand for its sneakers.

In April, Nike ( NKE ) also said it would lay off about 740 employees at its world headquarters in Oregon as part of the restructuring plan.

Nike ( NKE ) and Converse ( NKE ) did not immediately respond to Reuters' requests for comment.