01:00 PM EDT, 08/28/2025 (MT Newswires) -- Nike ( NKE ) is planning to layoff less than 1% of its corporate staff amid CEO Elliott Hill's effort to bring the footwear company back on a growth trajectory, CNBC reported Thursday, citing a company memo.

The report said it wasn't clear how many positions will be impacted.

Nike ( NKE ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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