The company did not specify the number of employees affected but confirmed the move to news services Reuters and Bloomberg on Monday.

Sportswear retailer Nike is laying off some of its employees in its technology division, a company representative told Reuters on Monday.

Nike has initiated a round of layoffs targeting its technology division, aligning with a broader turnaround plan for the brand. According to Reuters, the sportswear giant intends to outsource the responsibilities previously handled by the affected employees to external vendors.

Sports retailer Nike (NKE) is set to lay off some employees within its technology division as management resets priorities

Sportswear behemoth Nike has disclosed plans to lay off employees in its technology division, opting to outsource some of this work to third-party vendors.