Nike to cut 775 employees

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The home of the popular swoosh is cutting 775 employees.

Nike announced the cuts on Monday, which will mostly affect its U.S.-based distribution centers, CNBC reports.

Most of the cuts will affect staff at distribution centers in Tennessee and Mississippi.

The reason given for the cuts is Nike’s goal to accelerate its use of automation and to grow its revenue.

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The company made 1,000 cuts to corporate jobs last summer.

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