Topics regarding layoffs at Nike Inc.

Topics regarding layoffs at Nike Inc.

"Dragged Out"? "Cruel"? "K--ling Morale"?

Stop and think? If you feel like "layoffs have been going on for months", maybe that's because NIKE is being as TRANSPARENT as a company their size can be. They are keeping us informed and up-to-date as decisions are made and changes are... — read more 

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| 5560 views | | 16 replies (last October 12, 2020)
Post ID: @OP+17lGPicj

Thanks for the stress on us all, Nike

*I don’t work at Nike, but my partner does. It has been half a year since the pandemic started, and four months since Nike announced the layoff. As an outsider and not working for corporate America, I have to admit that I’m furious with the way... — read more 

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| 3440 views | | 3 replies (last October 9, 2020)
Post ID: @OP+17lrJYZR

Don't quit!

Don't give them the satisfaction. If you want to leave, chances are you'll be laid off in not too distant future. Then you can walk away with severance. If you leave now on your own you get nothing and you save them money. Why would anybody want to... — read more 

The Oregonian is reporting on Nike's looming layoff

Hi All, Here is the Oregonian article published in the morning. https://www.oregonlive.com/business/2020/10/nike-layoffs-get-underway-ending-weeks-of-uncertainty.html I think it echos what we have been feeling for months. If you feel strongly... — read more 

When you hire an ex Bain partner John Donahue as CEO

I feel sorry for the Nike employees. Why did the board hire John Donahoe as CEO? Such a great American corporation will be ruined. In Silicon Valley, as far as I remember large tech companies started to hire Bain to implement mainly restructuring... — read more 

Severance 2020

Has anyone heard any specifics on severance being offered?

Nobody really knows anything, full stop.

Nobody really knows anything. Anyone really in the know won't be here causing a panic, and everyone here could BS their way into claiming they heard anything "from their friend in HR" - it's all gossip and BS at this point. You'll know when you... — read more 

Do they get extra points the more they torture us?

What other reasons could they have for not getting it over with by now? For letting us guess and sweat every single day? Do they expect us to break and leave? Just up and quit? Frankly, I might have even considered something like that if it was... — read more 

Who's next?

It was Senior Directors this week, any idea who is next on the list? I'm going to assume they'll work their way down...

Where is the status?

So many leaders were hit today and yesterday.. where is all the info? I’m using 3rd hand info and would love something more concrete...

Has anyone been let go today?

Alright, so we know that the S-Band employees restructure/layoff or whatever else we would like to call it started today. But, has anyone that you know of been in fact let go today? No names, please.

Nike CIS

CIS monitors everything you do on your computer and logs it - not in Excel but in the cloud where it's kept for 7 years. They also monitor your mobile phone activity if you installed the MDM apps. It is highly searchable in the event it needs to be... — read more 

Layoffs

Heard directly from my VP: this week is S-bands, week of the 19th is E/U/L bands. Leaders were told NOT to communicate this to their teams, but there are a few good apples left in the bunch who value providing transparency. It is impossible to... — read more 

This Week

Im hearing mon-wed layoffs and thur-fri notified if you have a new role. Anyone else?

MIA Leadership

Leadership MIA every summer. Maybe we'll get a couple months of work done in this fall before they go MIA in Spring again...

Store closings?

I've heard there might be some store closings soon, is this true?

Get ready S Bands... next week cometh

Word on the street is that next week the next layer will meet the God of Severance. Sure you can say "Not today" today. However next week there will be a flurry (200+ is what I've been told) of two bill+ a year S bands brushing up on their... — read more 

Little effort to find new roles for severed employees

Two HR friends told me Nike is cutting teams and spending little energy finding jobs for people from eliminated groups. Teams will be removed to streamline and they don't consider who is leaving or staying. Notice will be given to high performers... — read more 

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| 7130 views | | 9 replies (last October 10, 2020)
Post ID: @OP+17a1IedX

Layoff terms?

Looking for information on what terms, if any, are negotiable during one’s layoff this round. Have heard it’s boilerplate but even at VP level different packages have been given, apparently.

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| 6530 views | | 8 replies (last October 6, 2020)
Post ID: @OP+179k63m6

Forum representative of Nike employee mood overall?

The tone of the forum is very negative. I wonder if this is representative of all Nike employees, or are do the employees with negative views gravitate to forums like this? If you are honest - do you think your co-workers are as down on Nike as you... — read more 

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| 6840 views | | 7 replies (last October 9, 2020)
Post ID: @OP+177rQ35H

Would you or wouldn’t you?

I heard layoffs are around the corner and I am curious to see if a VSP will be offered and if so - what it will entail. I’ve been with the company for quite a few years, watched it slide down hill and I’m ready to get out. How many others are willing... — read more 

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| 3590 views | | 4 replies (last September 26, 2020)
Post ID: @OP+177UEKjb

2021 Engagement Survey

Whose ready to take this survey in March 2021? I can’t imagine anything but disappointing results. Which in turn leads to more reorg rather than addressing the central issues. Let me ask you reader, what would it take for you over the next 6... — read more 

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| 3790 views | | 9 replies (last September 29, 2020)
Post ID: @OP+1779CcXk

Can it get worse?

Nike has fallen a long way from when I first began with this company. There is no guidance and very little training which is sorely needed to perform job functions. Unless HR becomes involved, issues in-store are ignored by district management... — read more 

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| 3910 views | | 9 replies (last September 29, 2020)
Post ID: @OP+176FuYpd

Wealth disparity anyone?

Just take a look at MP and JD's stock options. Wealth disparity anyone? Something is seriously wrong when you have 2 people sitting on >$350M of vested options and locking up >$50M in your first 6 months, respectively, all while having layoffs/not... — read more 

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| 3300 views | | 4 replies (last October 5, 2020)
Post ID: @OP+176FbPNM

Stock Options timing is off! Planned?

Nike band E and above employees are granted stock options annually. Eligible employees get to select 100% Stock Options, 100% RSUs or 50/50 blend. Either way, the new grant has historically been made visible on Fidelity Net Benefits website about... — read more 

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| 5750 views | | 12 replies (last September 29, 2020)
Post ID: @OP+175KSly5

Cannot all be bad, can it?

To say that things have not been good at Nike is an understatement, yes. It all started to look even worst when lay-offs started in the middle of a pandemic, yes. Nike's culture seems to have been an a downward slope for years now and it does seem... — read more 

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| 3250 views | | 5 replies (last September 23, 2020)
Post ID: @OP+175VSCIm

Voluntary Layoffs?

Curious if anyone is aware if Voluntary Layoffs could or would be considered? I heard it was pretty successful at Intel based from feedback from some of my friends that work there.

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| 5700 views | | 16 replies (last September 23, 2020)
Post ID: @OP+170FPPFU

Just do it! (pun intended)

There is no doubt in my mind that I would rather have the layoffs happen quickly rather than have them dragged out. Rip the bandaid off so that we can either 1) move on from a badly run company, or 2) breathe a sigh of relief (at least until the next... — read more 

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| 4410 views | | 8 replies (last September 22, 2020)
Post ID: @OP+170Z1sOc

Executive Compensation Approved

"Interesting" to see that the executive compensation approved at today's shareholder meeting resulted in a $1,000,000+ raise for each executive, yet most of the company didn't even get the usual cost of living bump due to covid...win as a team...

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| 6930 views | | 22 replies (last September 29, 2020)
Post ID: @OP+170iqkMG

How hard is finding a job right now?

I've been weighing my options, looking for a possible exit strategy but so far I've had no luck in landing an interview. I'm wondering if I'm doing something wrong (it's been a while since I last looked for a new job) or is it really just the wrong... — read more 

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| 2880 views | | 5 replies (last September 22, 2020)
Post ID: @OP+16ZBRWJ3

Non Lay-off HR Communication?

What does a non-lay-off communication from HR look like? I assume if you’re not being let go and offered another position, you’ll also receive a meeting notification from HR/manager? Does it look exactly the same? Should I expect a heart-stopping... — read more 

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| 4820 views | | 11 replies (last September 22, 2020)
Post ID: @OP+16YoaMfy

A Storytellers Story

After 18 years and happy Nike Storyteller, I can tell you that SH1T is hitting the fan. The culture has deteriorated beyond what I ever thought was possible. Nike was never just paycheck, it was much, much more. "Serve (PK) the athlete... — read more 

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| 4380 views | | 7 replies (last September 17, 2020)
Post ID: @OP+16Yl7Jrr

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