April 19 (Reuters) - Nike ( NKE ) will lay off about 740

employees at its world headquarters in Oregon, a letter showed

on Friday, as the top sportswear maker looks to rein in costs

after warning of a revenue dip in the first half of fiscal 2025.

The "second phase of impacts" would begin by June 28 at its

headquarters, Michele Adams, Nike's ( NKE ) vice president for people

solutions, said in a legally mandated notice to state

authorities.

The company's shares were up marginally in after-hours

trading. They have declined nearly 13% this year.

Nike ( NKE ) had in December announced a cost savings plan for $2

billion over the next three years, and in February said it would

cut about 2% of its total workforce, or more than 1,600 roles.

It had about 83,700 employees as of May 31, 2023.

Several companies in the U.S. and Canada have announced new

rounds of layoffs, following the spate of reductions in 2023, to

cut costs in the face of an uncertain demand environment.

Nike ( NKE ) in March flagged its revenues in the first half of

fiscal 2025 would shrink by a low-single-digit percentage as it

looks to scale back on some franchises.