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Investing.com -- Nike Inc. (NYSE:NKE), the world’s largest sportswear retailer, is reducing the size of its technology division and laying off some employees in a strategic shift of priorities, according to Bloomberg. Staff in the company’s strategic enterprise and corporate functions departments, responsible for managing business processes, are the ones affected by these cuts.
The company is planning to delegate some of the work previously done by these departments to third-party vendors. This change was confirmed to Bloomberg by a Nike representative, who acknowledged the departure of tech workers.
Nike’s CEO, Elliott Hill, has been implementing changes at the top of the organization since he came out of retirement in October to lead the company. These recent layoffs and restructuring of the technology division are part of his ongoing modifications within the organization.
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