01:51 PM EDT, 05/14/2024 (MT Newswires) -- Nike ( NKE ) unit Converse ( NKE ) confirmed to MT Newswires Tuesday that it is letting go of some staff as part of a broader cost-saving plan by its parent.

Converse ( NKE ), which operates distinctly from Nike ( NKE ), told MT Newswires it was realigning some of its teams to better support future growth.

It was not immediately clear how many jobs would be affected by the decision, though the company said the job cuts are part of the previously announced overall 2% restructure and cost-savings plan at Nike ( NKE ).

Nike ( NKE ) has nearly 84,000 employees, according to S&P Capital IQ data.

Bloomberg earlier reported the staff layoffs.

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