Aug 28 (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.