Topics regarding layoffs at Nike Inc.

Topics regarding layoffs at Nike Inc.

Dump These Losers

Too thin-skinned to even face their own employees live to talk about the business. “Previously recorded” in front of a curated “studio audience” with pre-screened questions and the Zoom chat disabled. And then having the nerve to call it a “fireside... — read more 

Selling Nike products

May be controversial but as someone who is laid off and does not have lifetime discount benefit, may I sell my existing Nike clothes and shoes? Is there anything that says I cannot? I bought a serious amount the past years because I was going to wear... — read more 

Will JD leave??

Hoping the announcement reveals his departure & MP returns. One can hope.

Reorged into a great company

Reorg conducted by our competent and visionary leadership reshaped us into an efficient, growing, creative company that’s now so finely tuned that everybody’s potential is fully realized. We are now bursting with ideas and operating as a well oiled... — read more 

Relocation assistance?

I have been with Nike for about 2 years now and I cannot take it anynore. I am ready to resign with no job lined up. If I quit, should I refund Nike for tge relocation money?

Nike being sued

If you purchased Nike Class B common stock, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith... — read more 

Why I am here…

Laid off in April. Nike was, by far, the worst professional experience ever had. I come here in this site to validate I was not crazy, but rather Nike is and will always be toxic. I do not want the company to go broke. I have friends there and... — read more 

NIKENRON

“How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.” The gradual phase is already over. The sudden phase starts now. 20% drop means only 80% left to go. The ELT and its more recent additions, especially MM... — read more 

How about accepting volunteer for layoffs?

With the recent re org being handled and executed so poorly and with the 28B loss, it is obvious Nike will cut more people in 2025 and even 2026. How about this round Nike allows people to volunteer for layoff? I personally have not done 30 min of... — read more 

Multi year reset interesting take away from news!

Our key conclusion is there will be no quick rebound for Nike’s earnings,” Sole said in a research note on Friday. “We believe Nike is embarking on what will be a multiyear reset of its business in order to return to healthy top-line growth... — read more 

988,925 gallons

Let us never forget MM’s alternate reality. When our HR leader is this far disconnected from normal, there is zero zero zero chance. She has added significant bloat into the current state of Nike. She is so so wasteful with her faithful inside... — read more 

Nike lost $28,000,000,000 today.

No worries. I’m sure that’ll buff right out. Seriously though, it’s the biggest single day decline since Nike went public in 1980. 44 years ago. I posted on here a month or two ago and said “This Nike slump feels different from previous slumps. It... — read more 

Stock Sale

Resurfacing the head of hr and head of finance stock sale. Even if sale was scheduled and they followed insider trading guidelines, they knew in May that the quarter was not looking good. They could have cancelled sale being sensitive to the optics... — read more 

JD's impact

ServiceNow more than doubled since he was replaced. Nike has lost more than 50% since it's peak.

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Don’t forget the rest of the ELT

We all agree that JD is a dud and on his way out he should take some of these clowns with him. HON should help him pack up his office. MM can help bring the boxes to the car. Our also-ran CMO can join him for the ride to the airport and AM can lay... — read more 

Restructuring for what purpose?

Do you have a defined role (in substance, not form), well organized tasks, clear goals, functioning team? I don’t. What’s the game? I have no clue.

Next round of layoffs

Calling it now…. Quiet layoffs will continue then mid FY25 more layoffs will be announced when the company realizes that the Olympic year bump wasn’t realized, that Jordan brand can only grow so much, so far, and that the 10 year wait for the new... — read more 

We knew it all along, didn’t we?

We recognized the problem years ago. We created countless strategy decks and held countless strategic discussions. Yet, no real action was taken, and no substantial change. Why? Because leaders prioritized job security over meaningful action. Who is... — read more 

Slim down

There is lot of Fat in the Tech org. An application team does not need a 1000 people to manage and improvise. It's a joke! It needs to get leaner to get back to growth. All these years of over hiring and keeping non-performing employees who got... — read more 

Wait till Wall Street finds out…

...that we spent the last 6 months doing zilch. …that our Bain-bred CEO botched the “restructuring” …that we fired the wrong people in the wrong departments and promoted the wrong leaders. …that there is no strategy, or at least none that anyone... — read more 

Nike stock

Average daily trading volume is 9.2M shares. This morning it’s already hit the 18.2M mark. 52 week high per share price is $123. This morning it hit $77. The Board and the ELT, are driving this once proud brand into the ground. Product looks... — read more 

Our strategy

If the last 5 years has taught us anything, it should be that companies shouldn’t be paying CEOs 46m in compensation, private jets, private offices with unlimited amenities, etc. They should be paying that money into the actual company to invest in... — read more 

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