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Nike has laid off less than 1 percent of its corporate team as chief executive Elliot Hill carries out his “sport offense” strategy, aimed at refocusing the company on product innovation and marketing around sports categories like running.
The layoffs, first hinted at during Nike’s fourth-quarter earnings in June, were communicated to employees on Aug. 28 via an internal memo signed by Hill and other senior leaders.
“Some of us will take on a new position or level, report to a new…
