Topics regarding layoffs at Nike Inc.

Topics regarding layoffs at Nike Inc.

Software updates?

Curious if anyone else received a Slack update today? Since Slack had quick org updates last round, I'm now paranoid about these type of things. Good luck to all of us trying to stay calm over the next couple weeks.

Another DEI leadership role?

Why would you need to hire yet another DEI leader? "We seek a Principal, Diversity, Equity & Inclusion [DEI] Business Partner for our Converse and Jordan brand teams". Is there really nobody at Nike/Converse qualified for this role? Do you really... — read more 

tax on severance?

JW, how is severance taxed? What about the PTO payout? Is it like our bonus where we can anticipate only seeing 50-60% of the award?

Nxt Rd. of Layoffs/When, where?

Does anyone have a sense on when the next round of layoffs will be here in NA? I know last round, leaders asked teams to WFH for the week... Did that always indicate your fate? My boss asked us all to WFH next week, but hasn't said anything more... — read more 

Nike seems beyond rescue at this point

We've lost so many key people who could have driven the necessary changes. Sometimes it was to layoffs and sometimes because they got tired of this entire mess. So what we have left is the ELT that continues to prioritize short-term gains over... — read more 

Nike stock

Was wondering during the last few weeks if I should sell. Glad that I didn’t. Looks like Nike stock has finally started its much awaited bounce back. Can’t be too sure though. Fingers crossed.

Who is the true culprit?

We were wrong. We thought JD was the primary problem. But Knight's misguided support of Donahoe now shifts the blame target. PHK was the force behind hiring JD and is the sole figure preventing him from being fired. I am not sure with Knight's... — read more 

Can we pool our money?

And hire a skywriting plane or a plane that would tow a banner? Need to check the weather report for next week but timing would be epic.

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| 1200 views | | 5 replies (last April 17, 2024)
Post ID: @OP+1s3MX0bw

Unwavering Support

New Article: https://www.oregonlive.com/business/2024/04/phil-knight-offers-unwavering-support-for-nike-ceo-john-donahoe-who-faces-pressure-within-and-without.html?outputType=amp For me it boils down to the fact that we have a leader no one trusts... — read more 

4/22-Innovation

Any ideas if NXT is included in 4/22 week? Layoffs, downbands, reorgs? Some leaders have suggested LBJ building will be wfh that week as well, maybe meaning some things planned.

Oh Really? Just not figuring this out!

The ELT just now realized this? https://www.cnbc.com/2024/04/12/nike-ceo-acknowledges-it-went-too-far-in-direct-push.html?__source=sharebar|linkedin&par=sharebar This group of "leaders" should all be gone in June. Why do you give up key space at... — read more 

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Post ID: @OP+1s06weGh

Jon “The con don”

Just heard rumors that Jon the con don spent several millions only on hotels for himself and his entourage in Europe, while Nike is “bleeding”.

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| 2060 views | | 12 replies (last April 17, 2024)
Post ID: @OP+1s0Y4kQM

2024 Olympic Launch Failure?

Did anyone hear about the launch of the Olympic product in Paris this week? Neither did I until I saw the product being bashed online! With the second round of layoffs looming, the brand just spent millions of dollars on an event in Paris that... — read more 

Severence Costs $450m

So if I remember correctly total severance was suppose to be $400-$450m with them stating $403m had already been actualized in the 3rd Q. So if we have $50m left ish, is that just the cost of the severance packages themselves? Just wish there was... — read more 

Layoffs starting this Monday?

It’s confirmed week of 22nd. Anyone confirming an earlier round Monday, 15th? I have heard this and believe this rumor based on the last pattern. Sr.Dir and up- week one, lower- week two. Just curious. Anyone got any other rumors? Org shifts? New... — read more 

Gender discrimination lawsuit

How has no one commented on this yet? https://www.oregonlive.com/business/2024/04/trove-of-documents-details-decades-of-allegations-of-discrimination-misconduct-at-nike.html How many of these men about to be named are still at the company? — read more 

It’s about mourning

I think I found this forum cathartic because I’d read through the posts to hopefully find a nugget of information that it’s all going to be ok. This was a communal space where we could maybe commiserate and support one another - rallying through this... — read more 

Why are people so quick to quit?

Instead of walking away and doing Nike a favor, make them lay you off. Make sure they pay you if they want to get rid of you so badly. Quitting now only serves the interests of those at the top, definitely not yours. Why would you leave good money on... — read more 

I hate slack

At least with emails, you’re forced to think through an entire problem before bothering other people. I’m constantly pinged with half thoughts or ideas that are time consuming and distracting. There’s an expectation to respond to everything creating... — read more 

Thanks to the Mo--n JD - Nike losing market share

Piper Sandler’s semiannual teen buying survey is out. “Nike is continuing to lose share,” Cramer said. Not surprising, he added. “But that does mean you don’t expect a bounce back” in Nike shares.

You should quit

If you’re here everyday complaining and miserable, you should do yourself a favor. Or you can continue, and bark at me for pointing at the obvious. You’re helping exactly nobody here, least of all yourself. Bye

Layoffs to continue till 2026?

Are there plans to continue laying off innocent employees till 2026 as part of 2 Billion dollar savings plan? Nobody seems to be safe!!! Just dont do it!!!

Meetings week of 4/22

Will you encourage your employees to attend meetings the week of the reorg/layoffs? Why or why not? I’m team no meetings, but just want POV from someone who feels we should continue with business. Seems to be a controversial topic right now. — read more 

Re-org placements (layoff decisions) are set

Hot off the press. Resource decisions have already been set and made, nothing you do in the next 2 weeks will have an impact. Do not overwork yourself. Likely people that know you (your Sr Directors) will have already been part of the decision making... — read more 

Layoffs next week?

Is anyone else heading that layoffs might be starting next week instead of the week of 4/22? I wish they would just get it done already

Interesting Financial Parallels

So here is something to make one really ponder - PK and family were worth $49.9 billion. Today PK and family $40.9 billion. What does one think that correlation might be. Let me give you a hint in case there is confusion. His initials are JD. Or John... — read more 

A message to JD from Coach K

“When a leader takes responsibility for his own actions and mistakes, he not only sets a good example, he shows a healthy respect for people on his team.” - Coach K One of them is a legend on campus and one will never be. Guess why?

Copying or Moving files without being tracked.

So I heard from a very reliable source from cyber security that if we want to transfer or move files we must use AirDrop. CIS/tech doesn’t have a way to track or monitor this so this is the only way to get our files that we own or want to our... — read more 

Outgoing Boeing CEO gets 33 million pay package

nke and ba are 2 of the worst performing companies and their incompetent CEO's and ELT are making 10's of millions. These S-B's are shameless. F these executives. They feast while we workers worry about layoffs and feeding our families.

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