What did they think would happen? That we'd go above and beyond for a job that might be gone in a month, or two, or three? We still don't even know when the layoffs are actually coming.
Embarrassing
Nike stock up 40 cents today. Adidas stock up over 3 dollars today. Every leader should be embarrassed as they take months to fumble another layoff execution. Fing ridiculous….. Tech is a joke. 3soles not cutting it….
Has the Era of the Mega - Lay off Arrived
Just read WSJ article 04.15 by Chip Cutter. Y’all should be happy if you still have a job; especially in tech.
What’s the strategy?
Serious question .. what is the point of announcing layoffs being silent for months and tepeating this a few times a year so people are terrified all the time and productivity falls? I understand need to cut costs but the way we do it makes no sense
Two Week Notice When Resigning?
Is this a requirement. I have a horrible manager, she's been pure evil since day one. I've had it and I want to quit. I know she'll want me to transition mountains of work I am doing for her but I'd be delighted if I can just leave. There is... — read more
Any updates on Tech cuts?
Next week or the week after? Anyone have credible info? I thought next week was unlikely given all the planned events, but now I'm hearing they might happen anyway.
Tech
Kind of eerie how slack has gone silent, meetings are canceling, parking lot is sparse and there is no work going on. I would think it wasn’t a great idea for the new tech leaders to announce layoffs 2 months ago with no timeframe or updates since... — read more
Sharing a perspective on where Nike could refocus for growth.
TL;DR : Nike needs to make more desirable products again and get them in front of more people by focusing on a few big hits and not over-relying on its own stores. Nike should prioritize restoring brand heat and product distinctiveness while... — read more
WFH Email for Tech Nxt week
Words on the street
PTO if you're impacted
Question for those who were impacted during prior layoff cycles: During the 2 months you remain an employee, do you continue to accrue PTO as you normally would? Or do they lock in your PTO balance when you're notified?
Isn’t it Weird…
Given that this site is anonymous, isn’t it kind of crazy the amount of speculation that occurs on here? Meaning…no one with information actually posts on here. Incentive being, you can see all these posts of people freaking out, toxicity, anxiety... — read more
Tim Cook stock boost
Artificial insemination at its finest. As Nike board member. Maybe Allbirds next for him
Volunteer for Layoff
My team was pretty much laid off in the last year’s layoff. I have since been moved to a different team and I am not liking it. It’s a new org and I don’t know anyone. Wondering if anyone has advice on how to nudge your leadership to put you on... — read more
We're living through systemic failures without even realizing it
Teams have been gutted, some repeatedly, by layoffs and reorgs that solve nothing. Yes, talent is expensive. But when you're too lazy to cut strategically and just go for the simplest savings, you shed the people you actually need. Meanwhile, the... — read more
Is PHK dedication delay leading to something?
Did it all get pushed back to accommodate for layoffs and WFH weeks?
Productivity growth
Is a reduction of workforce at Nike a bad thing? Revenue growth will come from productivity growth. More efficient teams. Motivated teams. AI. A reduction is not a bad if done right. And, to what I can see, 90% of the time, the right choices are... — read more
What’s the definition of nepotism?
For all those who use the word, what is the definition? I ask because the spirit of your callout is just, but you further yourself as an id--t and follower (entertaining) by consistently demonstrating you don't know the definition nor have a desire... — read more
It's not just morale that hurts productivity
Long-term projects are impossible to justify in this environment. Tons of Q4 work getting backlogged because the reorg is taking too long and we don't know if we'll have capacity to cover it.
NKE downgraded - again
from turn around plan to wait and see investors frustration and hsbc set a price target to 48, down from 90 no expectations in the near term...which means sell or hold, don't buy and wait for a long time EH really dropped the ball, the innovation... — read more
There is life outside of nike
im an engineer and i was let go in 2022 i was at nike for over 10 years, loved the campus, the people, everything, i still love nike it was definitely stressful since i have a family after 6-7 months after the layoff, i found a job, its at a start... — read more
Other pastures can be greener, sometimes
I was let go last year and ended up at a much smaller company. The work fits my skills, the pay is a little less, but the people are great and management actually cares. Who knows if it lasts. Still, I'm just glad to be free of the torturous layoff... — read more
NKE a discount brand
No longer premium. Constant sales both wholesale and direct. Upsetting.
PSP
I heard those who got laid off are the lucky ones, while PSP situation will be so dire the rest of us will actually have to pay to be here. Anyone hearing this too?
Hiring Freeze?
I was hearing that there was a hire freeze with no timetable of when things will open back up. The agency that hired told me that full time positions are hold but I'm seeing jobs still being posted on Linkedin.
Getting in the zone for another toxic week.
Almost summer Fridays. 4 hours of less toxic environment
Nike is HMS Titanic....
it is too big. Too bloated. Too bureaucratic. I don't think EH can turn this big ship without grounding it. Not even his Grandma can turn Nike around. MP just rode the ride and let it get big. JD drove this 18 wheeler to the ditch. EH cannot pull... — read more
Consultant Clown JW
Who the FK hired JW into Nike? Classic do-nothing consultant who only got the gig because another all-talk-no-substance “leader” (shoutout CG) got promoted. We are so fing tired of working for him. He has delivered exactly jack sh-t in NAO, and now... — read more
Getting teams to perform right now is extremely difficult
People are beyond demoralized. How do you motivate anyone when there are no rewards, the workload is crushing after repeated layoffs, and there's no mission or company success to believe in? If leadership actually has long-term plans, and that's a... — read more
It is a Mistake - "GAME" over - No Turn Around -
https://finance.yahoo.com/markets/stocks/articles/jim-cramer-nike-one-bigger-153440220.html
It’s concerning
People I work with do not even watch sports, and some never bother to learn. It makes Nike feel like just another corporation, if it ever was more
JD vs EH
Educated at Ivy League universities vs no-name college Worked at prestigious organizations like Bain, Paypal, Service now vs Nike only experience ( that too which he got by literally begging for it) $170 share price and $52 billion revenue vs... — read more
D-mb question
If you get laid off and get say 6 months severance and you currently put 1k per month into 401 k does Nike give you the 6k or do they deposit the 6k into 401k? Trying to figure severance numbers just in case. Thanks
Jim Cramer Is Out
He admits he stayed too long in the stock, thought EH turn around plan was solid, had high hopes He now realizes he was wrong All investors have a timeline and then they lose patience, take the loss and move on Should we do the same, that espp... — read more
I realized it's smarter to keep my mouth shut
Upward feedback only works when the person above you actually wants to hear it. Ours just wants to hear that everything is fine and if you say something that challenges that state, you're labeled a problem.
I've landed at "not care"
From truly enjoying my work here years ago, to all the stress from waves of layoffs throughout the decline, now I've reached the point where I have no hope that Nike will ever again be a great company to work for, and I'm looking forward to being on... — read more
April 23rd All Team Event Postponed
Is the dilemma and misery coming to an end?
Another week, another torment!
It’s getting ridiculous!
Nike running is dead
From product I see, adidas is about to pull the ki-l shot and eliminate Nike from performance running. Not to mention legit running brands with top innovation ASICS, Brooks, Saucony with Hoka, New Balance and ON taking casual running.