Topics regarding layoffs at Nike Inc.

Topics regarding layoffs at Nike Inc.

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 

Dude…wtf

The Pegasus is not going to save us. Embarrassing Seeing tech ops party today and post pics su-king up to EC because he’s wearing a red shirt and matching shoes with no guidance in his all hands. PSP is down, raises are s..t and you losers have no... — read more 

Say that again?

“I ultimately hold myself and my leadership team accountable“

Would you rather…

Power hour or take a shot every time “newness” is said? That word is nothing more than a tail between leadership’s legs. When did we devolve from the boldest brand into one that hides behind meaningless words?

JDs CFE - years of FAIL

So John, let’s sit down and talk about your CFEs for FY24, FY23 and FY22. We’ve given you lots of opportunity but you’ve been inconsistent for at least 3 years now. The stock is lower than it was when you joined whilst the S&P has doubled. You can’t... — read more 

Worst sales gains in 14 years

CNBC summed it up well: Nike hasn’t been in this much of a slump since 2009, and it still has a lot of challenges ahead of it: https://www.cnbc.com/amp/2024/06/27/nike-nke-earnings-q4-2024.html I’m calling it now: More layoffs within a year as Nike... — read more 

FY24 Q4 Earnings call S#!T show

What a mess Nike is in. JD is such a bulls#!ter. The stock is tanking 📉. Good luck to us all. The tone of the call was completely dry and tense. Anybody else feel that? Also that the most questions and effort spent by the BS’ers than I’ve heard in a... — read more 

FOR ALL OF THE INVESTORS

WE ARE NOT EXCITED. WE ARE NOT OPTIMISTIC. WE ARE ABOSOLUTELY BRUALIED BY JD. ANY SPEAKING UP WITHIN PROVIDED CHANNELS AND METHODS IS COUNTERED AND SHOT DOWN QUICKLY AND EFFECTIVELY. TEAMS STILL DO NOT HAVE CLARITY OR DIRECTION IN HANDLING EVEN... — read more 

Managing newness and innovation

“We’re going to manage newness and innovation by going into our vault.” … so…not actually anything new or innovation, just re-marketing the old stuff?? Sounds about right. These guys are absolutely lost.

Are we not all aligned on Common Sense topics?

I get it, it's an earnings call. They have to sell the BS. I'm surprised JD came back and spoke out about the team however, this team across all Orgs has been gutted. Both from headcount and morale. We are continuously losing to others now... — read more 

The More They Talk

… the deeper the selloff after hours. These guys need to be fired!

He’s not a Robot

If he were a robot, it wouldn’t sound like he’s reading the investor call statement for the first time, live on air.

Open Jobs in APLA

Wasn’t so long ago this forum was spewing rumors of APLA dissolving, CS going to NA, and on and on. Now there are so many openings in APLA to count. We either all work for the least planned organization there is, or this forum has proven to be... — read more 

The last 4 years has destroyed my love for this job

Designing for Nike was my dream job since I was a kid and all this company has done since CDA is completely break my spirit. I’m undeniably defeated, uninspired and burnt out from excessive workload and being constantly gaslit that I’m not doing... — read more 

Your experiences with reorg?

I’m either overloaded, clearly being given tasks left after people who were laid off, or twiddling my thumbs waiting for anything to do. I can hear from others that they have similar experiences. It all seems completely disorganized. I don’t know how... — read more 

SEC MANA Go-Live

Buckle up friends. This absolute hack job is about to be reality. I wish I could laugh at how poorly this entire thing has been built and managed, but at the end of the day it’s you and me who will be fire fighting for months. Oh, and NA, hope you... — read more 

All ELT & PK care about is not paying taxes

We got fu---d by JD, all so PK can try and figure out a way for his son not to pay a lot of taxes for taking over PK’s shares of Nike. How pathetic, you care more about your son not paying taxes on his multi-million dollar inheritance than you do... — read more 

Is the 4:1 still being strictly enforced?

With many teams now sitting across multiple buildings/campuses since the reorg, my building has been half empty for weeks. It doesn’t make sense to commute into campus to sit on zoom all day.

Thanks Nike

The people you laid off are using up all their savings, losing their homes, can’t pay bills and are suffering mentally and emotionally! Meanwhile, you post new job openings while we can’t find work. You’ve really outdone yourselves. 👏 — read more 

Any advice? I am ready to give up

Being on this site on a Friday evening should screem how stressed and miserable I am... It has been almost 9 months that our department has been revolving about layoffs. Our department was hit more than twice! In between phase 1 and 2, I also... — read more 

Cobra?

We're coming up on the end of employment for the 4/22 layoff batch. Anyone hear anything about Cobra? Did I miss any action I'm supposed to take? I'm going to need Cobra for the month of July.

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