Topics regarding layoffs at Nike Inc.

Topics regarding layoffs at Nike Inc.

VPs/CIO with only 1 company experience

Why are we hiring GT VPs/SDs and a CIO who have only worked for 1 company before Nike? EC - only Walmart, MD - only AWS, LP -only AT&T. So they bring in BS like "work backwards" with no clue how it will work in a different organization.

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| 1430 views | | 4 replies (last February 17, 2024)
Post ID: @OP+1r68Me8h

Quit blaming JD!

He is a strong leader and has a proven track record. Nike was a mess when he stepped in, and he brought a culture of winning and sport back in! He hired a fantastic CDIO in RL, who got the shaft, was personally responsible for (also shafted) former... — read more 

If I quit do I lose my PTO?

I’m talking about quitting, not severance. Do I need to take my PTO before I give notice or will it be paid out as a lump sum when I leave if unused?

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| 1450 views | | 7 replies (last February 17, 2024)
Post ID: @OP+1r6E5nXQ

Celebrating MJ's Birthday with Layoffs

Thank you JD for helping us celebrate MJ's birthday in fashion with layoffs. You're nothing but a politician. You tried to make yourself and your incompetent LT look better by stating 2% of layoffs by including those that won't be affected in the... — read more 

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| 1300 views | | 2 replies (last February 16, 2024)
Post ID: @OP+1r63Eg1O

The Donahoe Era was a disaster CONTINUES

eBay= Disaster Nike= Layoff after layoff, reorg after reorg "Donahoe's legacy will be a dysfunctional search engine, a major security breach that compromised customers' sensitive information, and preferential treatment of large-box retailers, both... — read more 

Can I volunteer for severance?

After these 2 rounds are done, we’re looking at months or years of cleaning up the damage, doing more with less. I’ve been through this 3 times in my tenure. It’s exhausting. If I survive these rounds but my job changes or we’re consolidated with... — read more 

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| 1180 views | | 4 replies (last February 17, 2024)
Post ID: @OP+1r6HARAd

Having a VP meeting isn’t always a bad thing

Some people are having the VP meeting invite to let them know that their team won’t be affected in round 1. So, while it’s going to give you a feeling of impending doom, it may not be a disaster. Keep your chin up and know that this is not a... — read more 

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| 1690 views | | 3 replies (last February 16, 2024)
Post ID: @OP+1r6UuGXU

Rant space

Corp announces that layoffs will take until the end of Q4FY24 and expect people who don’t lose their jobs to stay focused and go to the office four times a week. Heartless MFs.

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| 1370 views | | 4 replies (last February 16, 2024)
Post ID: @OP+1r6rWQ5e

Questions for HR During “The Call”?

What are some questions I could be asking on the HR call where they let me go? I’m a U band. No stock vesting. Only ESPP. Is severance standard? Is there any negotiation on the way out or do you just take what they give you and say bye?

Invite from my VP but not HR….

Got an invite for a meeting a few hours later with one of the VPs in my org (specifically from her admin). I don’t see HR on the call but I’ve also read elsewhere here that sometimes they get a separate invite. I’m expecting the worst, but I don’t... — read more 

Layoff is for Wall St…

… and it’s not working. Public pronouncement yesterday of 2%, which is merely rhetoric doubling down on previously announced layoff at earnings… clearly indicates this layoff is for stock bump. Unfortunately it’s not working. Wall St needs... — read more 

Parting speech

Here’s what I want to say, but know I won’t, if I get the meeting invite with HR and my manager: “To the extent you personally had nothing to do with this, I wish you well. To the extent you did, f*ck you.”

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| 1260 views | | 2 replies (last February 16, 2024)
Post ID: @OP+1r6usZ4h

Nike stocks dip since announcements!

After formal announcement , Nike shares are dipping low which says nobody likes layoff and it is not solution to make company profitable! Lay off is the worst decision by leadership and management and should be avoided at any cost to save brand name!... — read more 

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| 1120 views | | 8 replies (last February 16, 2024)
Post ID: @OP+1r6iciFK

Donahoe-total comp $25.5m

Ref: Proxy 2023. Comp starts on page 33. Top five earners. The next is $9m Ref: https://s1.q4cdn.com/806093406/files/doc_downloads/2023/414759-1-_8_Nike-NPS-Combo_Proxy_WR.pdf $25,500,000

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| 950 views | | 4 replies (last February 16, 2024)
Post ID: @OP+1r6JQse4

Is the CEO in the business or Reorging ???

Is the CEO in the business if reorging or shoes. Let people do their freaking jobs before your feed the consulting pig 100s of milllions of dollars. Whatever this strategy is it’s definitely having the board look in a different direction than your... — read more 

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| 892 views | | 2 replies (last February 17, 2024)
Post ID: @OP+1r622N8W

Love this

From JD’s email, “we are currently not performing at our best, and I ultimately hold myself and my leadership team accountable “ That statement might mean something if he and his LT where the first ones out :/

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| 1060 views | | 2 replies (last February 16, 2024)
Post ID: @OP+1r6o7jQ5

So it’s gonna be 1600 people

Or 2%, globally. Apparently, the layoffs will not impact employees in stores and distribution centers or those in the innovation team.

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| 1750 views | | 3 replies (last February 16, 2024)
Post ID: @OP+1r6jcJf6

JD’s Pedigree

You know you’re doomed when your CEO calls himself a servant leader. Highly effective and proven leader would never. Zero growth in 4 years is shameful. Look at the stock with no growth…. That’s his CFE folks

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| 1090 views | | 4 replies (last February 16, 2024)
Post ID: @OP+1r63IJ8r

Severance

Someone below mentioned weeks paid is now based on band vs tenure? True?

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| 2260 views | | 8 replies (last February 16, 2024)
Post ID: @OP+1r6cKkXk

My advice. Contact information

Matt Kish @ reach him on Signal at 971-319-3830 and through encrypted email at matthewkish@protonmail.com. or https://www.baaslaw.com/courtney-angeli-employment-lawyer

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| 1355 views | | 3 replies (last February 16, 2024)
Post ID: @OP+1r647yPe

Public Sentiment

This thread encapsulates how this is going for Nike. https://x.com/sockjig/status/1758326225154781646?s=46 (I do not know this person)

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| 1360 views | | 1 reply (February 16, 2024)
Post ID: @OP+1r6hQCdR

Not able to sleep :(

Is anyone else not able to sleep? Any tips on how to deal with the uncertainty and anxiety? How are you dealing with it?

This whole thing feels like sabotage

A well planned out disaster by JD because he doesn't and never did care. How much is this guy worth? As he's sitting on his sofa with whatever drink in hand planning his next company to demolish. Is he the only one to blame? No. BoD is also to blame... — read more 

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| 520 views | | 1 reply (February 16, 2024)
Post ID: @OP+1r6FrgIR

Criteria for lay-off

What criteria do you guys think they use for layoffs? Role/Performance ratings/Org/other?

Not told to WFH

So, if your group isn't told to WFH next week, does that mean that we have to wait until May to find out our fates? So not only do we have to just sit and wait with the anxiety, but we have to come to campus next week in what I am sure is going to be... — read more 

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| 2570 views | | 9 replies (last February 16, 2024)
Post ID: @OP+1r6ibO52

Nike 2% - Have to File with Oregon WARN act -

https://ccwd.hecc.oregon.gov/Layoff/WARN?page=30&SortOrder=Employer There is a line item saying 1500. However, it is weird because there is no other information like all the other business. Its not really 2% of corporate but probably more like 20%... — read more 

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| 1700 views | | 4 replies (last February 16, 2024)
Post ID: @OP+1r6GOqiX

Time to finally visit the nike Sports Center?

Its free for FTEs as long as we work in Nike. Try visiting some on campus if you havent visited them ever. There are 3 amazing ones. They open early too. So if you live in the area, and have never been there, tomorrow morning will be the best time... — read more 

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| 1160 views | | 4 replies (last February 16, 2024)
Post ID: @OP+1r6wpLsM

Reason for asking WFH?

I'm a fresher and Just wondering what could be the reason for asking employees to WFH.. is it because to avoid emotional incidents or thinking of others(who are not laid off) might get distracted or to avoid any physical incidents? ( i heard in one... — read more 

Severance?

Anyone have any leaks on the “comprehensive package”? Or he throwing scraps out his jet to the working class?

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| 310 views | | no replies yet
Post ID: @OP+1r6ENJNv

Terrible handling of layoffs

If Nike intends to survive and prosper, they may end up having an issue with workforce recruitment after this disastrous handling of layoffs. Who in their right mind would want to work here with so much stress hanging over them for months on end just... — read more 

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| 2110 views | | 7 replies (last February 16, 2024)
Post ID: @OP+1r6eyrNE

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