(Reuters) -Nike ( NKE ) is planning on cutting less than 1% of its corporate workforce as part of the sportswear maker's plans to turn around its business under CEO Elliott Hill.

Fewer than 1% of its corporate team will be departing, the company said on Thursday.

As of May 31, Nike ( NKE ) had about 77,800 employees worldwide, including retail and part-time employees.

The layoffs will not affect Nike's ( NKE ) EMEA and Converse ( NKE ) businesses, and it is unclear how many jobs will be impacted, CNBC reported earlier on Thursday, citing a memo.

Nike ( NKE ) previously had announced a job cut of 2% in February last year, equaling more than 1,600 jobs, to lower expenses amid demand pressures.