The longer these layoffs drag on, the more talented people are leaving on their own terms for better jobs in better cities. Is that really what leadership wants?
Disappointing all the racists Nike employees still
We get what we deserve in failed leadership
When will we know
How many When What departments, groups or orgs. I assume GT will be the hardest hit. Can anyone share any info? Come on HR folks.. Have you started to make those lists yet? Is there a plan.. By grade, group, org... . Is it going to start in January?
The reckoning has come
Market is hitting the eject button, NKE will be wrapped up in it with several others. Who’s ready for some excitement! We went anti woke and everyone gets boned.
This looks awfully familiar to whats happening to Nike
Kroger is just more open and honest about what they are planning. 3 year plan to shrink the corporate workforce by 1/3 (3000 jobs) due to duplication and technology (read... — read more
Nike continues to lose teen market share as On Running gains
Nike continues to lose market share among all teenagers in footwear, while On Running continues to gain, particularly among teenage boys, according to Piper... — read more
Leadership is not a position. It is not a title. It is a responsibility.
And these empty-headed, self-serving, a-s-kissing executives, VPs, SDs, and ads all seem ignorant of what leadership actually means-or what it means to take care of your teammates. That's the first rule in sport. Even the world's greatest individual... — read more
L5Y Nike spent $12.1 billion on stock buy backs with an average price of $97 haha
Haha now the stock is worth $34. What losers
Why does Nike’s stock keep falling, and why does the company continue buying back shares at prices of $120, $100, $80, $50, and now around $30?
What happened to that all that excess capital: How is this taking care of shareholders? Why does Nike’s stock keep falling, and why does the company continue buying back shares at prices of $120, $100, $80, $50, and now around $30? We’ve spent... — read more
How can Nike get back on track?
Nike (NKE) has had a rough year so far, with shares down 46% year-to-date as it contends with a myriad of issues, including increased competition and shifting consumer... — read more
Does Tech RTO *actually* apply to all teams?
After the initial messaging of the RTO a few months ago our VP effectively told our org that we would exempt from the RTO for now. He also said he couldn’t guarantee that wouldn’t change at some point in the future, but for now at least the end of... — read more
Just Do It… Because Leadership Clearly Couldn’t
Let’s stop pretending this latest round of layoffs at Nike has anything to do with "market headwinds" or "strategic realignment." Call it what it actually is: a massive, multi-million dollar admission of incompetence by a leadership team that... — read more
Millions in Executive Compensation While Shareholder Value Collapses - Where Is the Accountability?
How do members of the executive “senior leadership” team justify collecting millions of dollars in compensation, bonuses, and RSUs while presiding over the destruction of shareholder value? At what point does executive compensation become... — read more
The structure of this place is the root of the problem
There are so many layers of management that nobody actually knows how to lead or connect with their teams. And that creates this environment where certain people start believing that being close to a manager gives them the right to talk down to... — read more
Nike has betrayed America
while other american businessess are expanding and increasing CAPEX in US soil, once again Nike is going in the opposite direction due to incompetence and is destroying thousands of jobs across the nation. The irony is the pivot to bangooluru is... — read more
By the time Nike turns the corner, it will be much smaller than
reduced Nike today. And the arrogance and blind confidence that they had will be long gone by then. Everyone in the company will be hoping for Nike to reach $30 Billion in sales soon. PHK, if he alive then will be worth 2 billions. And Nike... — read more
Mr.Hill, this needs to be your playbook not what you are doing now….
Take Nike stock back to $100+. 9 steps. 2 years. No $50 million consulting firm required. If I were running Nike, these are the nine things I’d prioritize to get our stock back above $100 within two years. No revolutionary restructuring, no... — read more
My goodness
Reading this board makes me realize that Nike either attracts awful people or turns good people into bad ones. It's hard to find so much hate in one place on so many bases as here.
Reality check (tech post)
To those of you called back to office saying you’ll be in zoom calls all day. Unfortunately you won’t. With RA and AB shipping all jobs to ITC you will be on calls from home starting at 6am, drive into office to waste time, and then drive home to be... — read more
Where is Nike headed?
to He-l... I hope
Nike is blacklisting layoff people
Yes skills and experience on point, rejected even so. Bet they want a ITC instead. How Nike has fallen
I hope Nike recovers
Not because I'm loyal to the company or like where it's currently, but because too many of us wouldn't be able to find a new job in the current job market and Nike still pays decently and offers decent benefits. Why would I cheer to lose my own... — read more
Nike is an Army of id--ts
This explains what has happened to the company https://sites.libsyn.com/543657/army-of-id--ts-996
Pick up the Pace - AI (All Indian)
Look, it's simple. Thousands of jobs will disappear starting in January, and all we get is more corporate word salad from a deeply unserious leadership team. Remember Craig's departure in December, followed months later by the hiring of a new CCO?... — read more
The Bloomberg Story
In 2019 Nike HR identified that we were 5-10 years from a retirement cliff of experienced leaders who had been with the company for ~30 years. We identified a number of up-and-coming leaders who were being groomed to backfill these leaders. Due to... — read more
RA tech All Tan.. Live comments
What do you think? RA is laying it on thick. Sorry but it's very fake. I'm not falling for this rah rah sh-t.
Is it required that we help get itc up to speed?
Legally. Or contractually. Can we pull an Aaron Rogers and either actively or passively not help itc? Hypothetically of course.
40% less employees at PHK by 2031?
So maybe we will end up with 6k employees in PHK. 1/2 current size. and may be another 5k in Benguluru campus -> 10x growth
ITC salary chart
SWE I: 16k US$ SWE II: 34k US$ SWE III: 40k US$ Tech Lead Software Engineer: 58k US$ Principal Engineer: 107k US$ Bonus included.
How long are they going to let us wait?
Now that we know major cuts are coming once again, do you think they're going to drag it out in hopes some of us quit because we can't take the stress? It wouldn't be the first time they did something like that.
Shady JD on 2020 All hands call - death nail
On a 2020 Nike corporate All Hands meeting (it was recorded and transcribed), John Donahoe publicly and brazenly proclaimed to employees the VP % ratio of minorities they had a goal of hitting. Highly illegal, and just before a mass layoff at that... — read more
Waiting or what?
Are people just going to wait to see what happens? I know this is new news but seems like everyone’s so numb to it they are just going to wait instead of looking outside the company.
APLA all hands
A lot was said, but nothing was really said
'Our Strategy and Vision' GT allhands
This was added to the agenda 2 days before the earnings call. Who's ready for a vague allusion to layoffs that will do nothing but tank morale?