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.
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?
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
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
Any emails since first thing this morning?
Does anyone know if all of the "come talk to your VP and HR" emails went out this AM or if they are trickling out throughout the day?
Work from home! Oh, and you or a teammate might get let go.
I know this site is about layoffs, and that fo-e sure is the worst that Nike is doing. However, I also find it really annoying that corporate Nike tells us in January you must come to office M-TH. Now, with layoffs happening they're like work from... — 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
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
The Van channel is active and people are shopping! Are they dmb?
I don’t understand how SB keeps posting about van when the house is on fire
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.
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.”
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
Management doesn't care about employees at all
That wasn't always true but that's how low we've fallen. These are sad days for Nike.
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
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
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 :/
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.
SIGH.....just got the dreaded email invite with HR for 8:30 am
Take care everyone and good luck going forward.
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
Severance
Someone below mentioned weeks paid is now based on band vs tenure? True?
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
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)
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
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
How do layoffs impact stock value?
Does it go up/down or does not matter?
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
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
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
John Don is a remote worker.
He should lay off himself.
Severance?
Anyone have any leaks on the “comprehensive package”? Or he throwing scraps out his jet to the working class?
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