Topics regarding layoffs at Nike Inc.

Topics regarding layoffs at Nike Inc.

My thoughts go out to you - but you will be OK

I left Nike on my own terms but have been laid off before and went through many at Nike... They are scary but there is life after Nike and you will be OK. What you can do to land on your feet better Work on resume but realize resumes are not... — read more 

by
| 1820 views | | 1 reply (December 22, 2023)
Post ID: @OP+1qcNB06O

JD’s layoff is coming!

PK and the BOD wont let a new CEO fix JD’s mess. They’re making him do it and then will fire him. The way this was done is embarrassing to be a Nike employee Keep your heads up and be good to one another especially look after your reports fellow... — read more 

by
| 2550 views | | 5 replies (last December 24, 2023)
Post ID: @OP+1qcBgsBK

Nike stock having its worst day in 26 years.

This is what happens when quarterly earnings don’t resonate with Wall Street. Nike stock options doled out the past few years continue to be under water or barely at the surface. For those that receive as part of their compensation, the stock looks... — read more 

by
| 2440 views | | 5 replies (last December 23, 2023)
Post ID: @OP+1qctCHWR

All the ELT need to go

Is it possible to bring us back to an employee owned company? That would be the best bet to being great again. And we’d save a ton on salary. A TON! The CEOs make way too much and don’t deliver sh-t. We do the work and they get paid? There has to be... — read more 

by
| 1620 views | | 1 reply (December 22, 2023)
Post ID: @OP+1qctHnys

My thoughts are with you all

I was shown the door late 2020 as part of CDA, after a pretty decent run. It is almost 2024 and I am still affected by this. Like so many of you brilliant people, I had given my all to this company; working long hours for years, and allowing the... — read more 

by
| 2270 views | | 2 replies (last December 24, 2023)
Post ID: @OP+1qcRStOv

I don’t know what to say or do

Sh-t. Keep your support system close? Face your feelings? Accept it? What do you do in a situation like this? What do you say to others and yourself? I’m so lost and confused. I pray daily, but now I don’t know how to. I just want to throw up. My... — read more 

by
| 1803 views | | 2 replies (last December 22, 2023)
Post ID: @OP+1qc8HW3Z

I am screwed

I know a layoff is coming for me. I check almost all the boxes. I started updating my resume tonight because I can’t sleep anyway. I hope that when it comes, it turns out to be a blessing, but I am not looking forward to that invite popping up on my... — read more 

by
| 3360 views | | 9 replies (last December 22, 2023)
Post ID: @OP+1qcGAkwN

this is so fu---d up lol

Rumor is 2000 people now. 460M in severance. Would equate to 1 out of 6 people at WHQ. Poor leadership, point blank. Nike was screwed the second people starting shopping in store again. Now employees are paying the price.

by
| 2530 views | | 3 replies (last December 22, 2023)
Post ID: @OP+1qcsA3JY

Try and enjoy the holidays

Next month will be horrible for all of us due to anticipation and related stress. But at least we know nothing will happen before January, so try to use these few remaining days of certain safety to not think about it and enjoy your time with your... — read more 

by
| 2150 views | | 4 replies (last December 22, 2023)
Post ID: @OP+1qcq5uba

JD & MF??

Maybe we put together a package deal with MF & JD because based on the earnings call neither of them give a sh** about anyone except their own as! It’s a fu** disgrace.

by
| 1560 views | | 2 replies (last December 22, 2023)
Post ID: @OP+1qcmCFiK

Layoff Math

A few different and unrelated things to say here so I’m going to bullet point my post. Nike said severance costs will be $400M to $450M. Even using the most generous assumptions of $400M and six-figure packages for all (LOL!) that is a MINIMUM of... — read more 

Cost Cutting: The plan will result in pre-tax restructuring charges of $400 million to $450 million... The charges relate to employee severance.

https://www.barrons.com/articles/nike-earnings-stock-price-5b818ed5 Nike beat expectations for second-quarter profit and announced a $2 billion cost-cutting plan, as it sees sales softening for the second half of its fiscal year. Nike said it is... — read more 

by
| 2010 views | | 2 replies (last December 22, 2023)
Post ID: @OP+1qcdXlnU

Twice the size of CDA

But there are going to be more VPs in merchandising? Make it make sense

by
| 2720 views | | 4 replies (last December 22, 2023)
Post ID: @OP+1qcSf04P

It’s time for JD to get the F out!!

Insulted is an understatement as to how I felt and I’m sure I’m not alone about JD’s email after the earnings call. Let’s start with his $35M salary to kick off the $2B we need to cut. He is such a complete A*. Right before the holidays?? So... — read more 

by
| 2640 views | | 5 replies (last December 22, 2023)
Post ID: @OP+1qc00mCy

Come on Phil..

This is how you want things to end? Years of passion and love for product, brand, people, and you want this tech jock to come in and drive it into the ground? You’ve done some noble things for humanity, but this is YOU. This is what people will... — read more 

by
| 2700 views | | 7 replies (last December 22, 2023)
Post ID: @OP+1qcrJT82

Nice knowing you all

Merry Christmas! January and February are going to be he-l. Good luck everyone.

Layoff's - How many?

From earnings call - As part of this commitment, the Company is taking steps to streamline the organization, which is expected to result in pre-tax restructuring charges of approximately $400 million to $450 million that will largely be recognized in... — read more 

JD Ruined Nike and must go

A soulless leader is su-king the soul out of a great brand and getting paid 35M to do it. Every decision he has made as a leader has demonstrated that he knows nothing about running a consumer product company and repetitive non-inspirational... — read more 

by
| 2650 views | | 9 replies (last December 26, 2023)
Post ID: @OP+1qba1UtL

Nike earnings preview

Things look better than I expected ahead of Thursday's earnings report. It would be nice if better results would translate into fewer layoffs, but somehow I doubt that. Nike is quick to get rid of people when the results are bad but completely... — read more 

by
| 2020 views | | no replies yet
Post ID: @OP+1qaOEfgS

MANA delayed

Just heard MANA SEC release was delayed 6 months, I feel like this is gonna equate to some folks getting fired. Any clue as to why they pushed the date?

RTO hurts:

Minorities - working from home allows an escape from microagressions. Parents, especially women - with the childcare situation being what is, working from home allows flexibility for parents. RTO removes that flexibility and sees a decline in... — read more 

Global Technology Restructuring and Layoffs

Got word today in a leadership meeting that within the next 45 days Global Technology will be completely restructured(again) including a 12% reduction in FTE count. Cuts will happen in all of the BOEs, program and project management roles, major cuts... — read more 

Tech ops leadership would make bowerman cringe

Vp and cronies singing and dancing at an all hands with no mention of strategy or honesty about re-org is embarrassing. No backbone, no tech knowledge, no follow through. What a waste of time to those of us that had to attend in person. 30 minutes... — read more 

by
| 2760 views | | 2 replies (last December 18, 2023)
Post ID: @OP+1q5Up1Fl

Global Architecture layoffs

They better not come after architecture, it would be ruinous for Global Tech … tech teams aren’t equipped intellectually or otherwise to make big decisions about technology roadmaps. Nobody’s day to day work is more quantifiable and impactful. — read more 

by
| 3960 views | | 25 replies (last December 22, 2023)
Post ID: @OP+1q4Q47v4

I'm sorry I left my last job to join Nike

I consider this to be the biggest mistake of my career. And to think I was so happy when I got the offer, thinking what a great opportunity it was. Had I known then what I know now, I'd have stayed away as far as I could from this toxic mess. But... — read more 

‘Twas The Night Before Layoffs

‘Twas the night before layoffs, when all through the house, not a creature was stirring not even the RAT The AOP wishes were hung by the chimney with care in hopes that St. JD would soon be there The employees were nestled all snug in their beds... — read more 

by
| 3540 views | | 8 replies (last December 16, 2023)
Post ID: @OP+1q3CtDb8

Start a new thread - post a news comment, question or message:

: