National Labor Relations Board ruled last year that companies can’t expect you to broadly waive your rights under the NLRA by requiring you to sign an NDA to get your severance package. Anyone here have... — read more
I can't focus on work
I don't really care anymore, though. I'm giving Nike as much as it deserves. Which is very little.
Nike does not care about employees
To them, we are a dime a dozen. The main focus right now is short term costs and short term stock price. This is, without doubt, putting the long term future of the company at risk, but they're not concerned with that. As long as they are getting... — read more
Anyone else wear other brands?
This is probably a stupid question, but does anyone else wear other sports brands? I don't mean at work, but outside in day to day life. I'm always paranoid that I'm going to get "caught" wearing lulu or something outside of work.
Are we “allowed” to start a new job before we get severance?
I was laid off in February and having a hard time understanding the offboarding paperwork. I’ve been applying to jobs but I do want to collect my severance in May. If I get a job offer before then, does Nike expect me to forgo the severance? Anyone... — read more
"Pressure Eases on Nike, But Problems Remain" - BOF Article
https://www.businessoffashion.com/articles/retail/nike-earnings-john-donahoe-under-pressure/ This March 22nd article is behind a paywall but this is one the leading bullet points before it gets cut off: "Even so, CEO John Donahoe faces an identity... — read more
This is not new for Nike
I find it funny how so many people like to look at Nike from ten years ago as some amazing place to work where everything was sunshine and roses. How quickly some of you forget. This place has been brutal for decades. The only difference is that... — read more
Debating jumping ship
My department was hit pretty hard in the first round, and although I made it through, both my direct managers were let go, a good chunk of my teammates have been reassigned to new teams, and those of us left have been told we will be re-structured... — read more
WHQ walkout demanding his resignation
I am not an organizer of any kind, but I am thinking if we don't have a voice within the firm, is it ok for us to we stage a walkout of some sort outside our campus, demanding his resignation. Can some one share your thoughts on if/how it can be... — read more
The layoffs over the last four years scream "lousy CEO!"
He seems incapable of managing or forecasting expenses. He should be hiding in shame instead of proudly boasting his "cost-handling capabilities." All he achieved is wrack productivity, quality, and everyone's mood, not to mention that he even hurt... — read more
Founder’s Sucessor
You take any big brand and study who follows the founder, Every successful successor is either someone that closely shadowed and worked alongside with the founder, or they were long time veterans of the firm which means they can continue to grow the... — read more
ESPP
Forgive me as I’m not the smartest when it comes to stock purchasing. Would it be smart to consider not participating at this point? We have 3 days to decide, and for the first time I feel like not contributing. For all I know, I won’t be an employee... — read more
I am dying to know whose freaking idea it has been? Lol
Nike and the Football Association have failed to adequately explain why the flag is blue and purple rather than red and white - just calling it 'playful' and a homage to the 1966 team's training top.
I'm regretting ever accepting a job at Nike
And it's only been two years. I was so hyped for this job, and that turned into disappointment within the first couple of months. I can't understand how people who've been here for a decade and more do it. What gives you the motivation to stay? I'm... — read more
Act now! Supplies are limited!
Introducing the "Leadership Disaster Kit"! Are you tired of skyrocketing profits and happy employees? Want to watch your stock price plummet and your company reputation crumble? Look no further than our exclusive kit designed for bad corporate... — read more
JD may stay
To fully execute the $2b in cost cutting until 2026 with the blood on his hands vs new CEO. If stock slips to $70s BOD may panic fire him. This is a really messy situation that today has now been broadcast to the world and gone beyond this forum. — read more
How low can $NKE go?
Just stop talking JD. Wake up board.
Incredible performance
In just 4 years: Employees disillusioned Wholesale partners alienated Consumers uninterested Investors unimpressed
Who would you pick as next CEO?
The writing is on the wall for JD. Shockingly the CEO who said Nike golf pants are his favorite Nike product didn't drive innovation - and it shows. So the question is: Who would you pick for Nike's next CEO?
The Earnings call..
captured the aptitude of our ELT. All great when reading from a script but sounded lost and unconfident when answering the “hard” questions. The stocked dropped a dollar with every JD mention of “just last week, Matt and I…”
EARNINGS CALL LIVE RESPONSE...
JD...innovation, innovation...blah...blah.... fire people...
When will PSP number be announced?
I’m new, when do we typically find out? This has been such a sh-t year, the least they can do is give us a decent bonus.
Life in the 'Corporate Blender'
This sums it all up. Nike is no different now. Just another company grinding it out. https://www.nytimes.com/2024/03/21/opinion/tech-layoffs-silicon-valley.html "If you’ve spent any amount of time working at a company of pretty much any size... — read more
Will tomorrow be JD's last earnings call?
Let's hope so.
Any insights on how marketing might change?
I heard a rumor about Global centralizing certain functions and downsizing Geo teams, but I'm not convinced that's the best approach
Re posting this from another threat... Anyone else? This may be good advice for the younger ones
In our team, there is a few folks whose technical competence is majorly lacking. They barely know anything but they dress very well and take 2-3 hrs at lunchtime to socialize with others over an extended lunch.... The next thing you know they receive... — read more
Why can't I react to posts and comments anymore?
It's been days that the buttons for like and dislike just load endlessly without every showing the buttons even after multiple refreshes. Is it just me? How do I fix it?
Layoff Updates - EMEA/Global
Emea Layoff - Phase 1 to begin Mid April..Phase 2 planned in June! Global layoff Phase 2- Mid May! Good luck everyone!!!
JD is being let go
As much as we will all lose a pound of flesh when he is being let go, I hope none of us here want to carry that emotional weight.
YouTube Safety Lock
Completely random , but has anyone YouTube had a safety lock forced on, asking because I listen to podcast while I’m working and now I can’t watch anything.
Number of those layed off?
Can we figure out how many so far? Is there an online database somewhere?
Check up on your newer teammates
I recently joined, I’m in my early 20’s, this is my first job out of college. I am doing something pretty specialized, and I worked incredibly hard through Covid to get here. Not 10 minutes into my first day I am being dumped on by my team, (my... — read more
Sam Poser https://youtu.be/Io6G5dCp4g0
Sam Poser tells the story as well as anyone I have seen, in four minutes. He has been covering Nike for 20 years and this is his first sell rating.
After a Week of CEO Shifts, Nike Leadership Is in ‘the Hot Seat’ Ahead of Q3 Earnings
After a Week of CEO Shifts, Nike Leadership Is in ‘the Hot Seat’ Ahead of Q3 Earnings Following several high-profile exits, some analysts say Nike could be slated for a similar change at the... — read more
Thursday’s Earnings Report
Predictions? How much does JD amplify layoffs and continued cost cutting? Old news or Wall Street wants more?
Nike has one interesting ability
It's among the best in turning good employees into bad ones. Those who are stuck without any chance of progress while a-s-kissers build their careers simply stop working hard once they realize there's no use to it. Add to that a threat of layoffs and... — read more
NKE - the anti stock
And the hits keep on coming.
North America coming soon?
Someone posted that they heard Phase 2 was going down in NA first week of April…sooner than I had heard. Anyone else hearing this?
Thin out management layers
Get rid of all the pointless presentation warriors. They contribute absolutely nothing to the bottom line. They regurgitate the same points over and over again in different fonts and with different pictures just so they have something to do. And they... — read more
So glad I was laid off yet there is apparently money for another DEI leader
JL promoting a new role on his team on LinkedIn. Thankfully he is getting dragged a bit—people questioning why the required qualifications are so high when JL doesn’t even meet them. 😂