Read Nike's memo announcing 1,400 job cuts, most in tech, as it reshapes operations

• Nike said it's cutting 1,400 roles in its global operations team, primarily in technology.

• Chief operating officer Venkatesh Alagirisamy announced the cuts in a memo on Thursday.

• The layoffs come as Nike's turnaround plan has taken longer than the company expected.

Nike is benching some of its employees.

The sportswear giant said Thursday that it is cutting about 1,400 roles in its global operations division, mainly in technology. Venkatesh Alagirisamy, who became chief operating officer in December, announced the reductions in a memo to staff detailing several changes "in the coming weeks."

Alagirisamy wrote that the company is in the "final stretch" of the turnaround plan, dubbed its "win now" actions, which focuses on five key areas: culture, product, marketing, marketplace, and in-person presence.

The changes include modernizing manufacturing, reallocating resources, and reshaping Nike's tech team, according to the memo.

The cuts mark Nike's second round of cuts in 2026, following the elimination of 775 distribution center jobs.

CEO Elliott Hill told analysts in a March earnings call that the turnaround plan is taking "longer than I would like."

Read the full memo below: