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NKE

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Nike is planning another round of layoffs as part of CEO Elliott Hill's efforts to realign the business and get it back to growth, CNBC has learned.

The cuts will impact less than 1% of Nike's corporate staff. It's unclear how many jobs will be impacted. Nike's EMEA and Converse businesses will not be impacted.

"As we shared in Q4 earnings, NIKE, Inc. is in the midst of a realignment. The moves we're making are about setting ourselves up to win and create the next great chapter for NIKE," the company told CNBC in a statement. "This new formation is built to put sport and sport culture back at the center, to connect more deeply with the athlete and the consumer, and to give us the space to create what only NI

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