Nike plans to lay off 775 employees across US distribution operations as it accelerates automation and consolidates logistics work, according to CNBC, citing people familiar with the matter. The move marks the third consecutive year that Nike has cut jobs. In August last year, Nike said it planned to cut less than 1% of its corporate workforce as part of efforts to turn around the business under CEO Elliott Hill. Earlier, in February 2024, the company had announced plans to cut 2% of its jobs: more than 1,600 roles. Nike