Lululemon will cut approximately 150 corporate jobs as part of its organizational restructuring.

The job cuts will affect staff at store support centers, The Canadian Press reported, citing the company’s statement.

“As we continue to deliver on our strategy, we regularly assess our business operations to ensure we are well-positioned for the future,” the statement reads. 

“Following a recent review, we have decided to evolve some aspects of our organizational structure to operate with more agility and further invest in our growth.

“This is not a decision we made lightly, and we are committed to supporting our employees through this transition,” it added.

The Vancouver-based activewear brand recently reported a 7 per cent sales growth and a 2 per cent drop in net income for the first quarter.

Shares of the Nasdaq-listed company dropped less than 1 per cent on Wednesday morning. The stock has declined about 39 per cent so far this year.