May 19 (Reuters) -
Sportswear retailer Nike ( NKE ) is laying off some of its
employees in its technology division, a company representative
told Reuters on Monday.
Nike ( NKE ) will shift some of that work to third-party vendors,
the representative said in an email, adding that the changes
were announced last week.
The representative did not specify how many employees
were laid off. It is not immediately clear how many people work
in Nike's ( NKE ) technology division.
Bloomberg News first reported the development earlier on
Monday.
The Air Jordan maker in March forecast a steeper drop in
fourth-quarter revenue than analysts had expected, striking a
cautious tone as it works to rekindle interest among consumers
who have defected to trendier rivals.
Earlier this month, Nike ( NKE ) CEO Elliott Hill made several
changes to the senior leadership team. Hill took the helm in
October to lead a turnaround at a company that has lately
struggled to design new and innovative shoes.