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.

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and content measurement, audience insights and product development. List of Partners (vendors)