Topics regarding layoffs at Nike Inc.

Topics regarding layoffs at Nike Inc.

TechOps Blood Bath

Just talked to the VP and techops is in the cross hairs trying to move everything to the geos.

PTO

I heard HR is looking into people’s time off utilization over the past 6 months to a year. Supposedly they’re trying to terminate people instead of giving them severance on grounds of stealing time. I heard this through another team’s manager. Not... — read more 

TO Leadership Summit giveaway

They just gave away a suite at The Timbers and a $1,000 food and drink credit. Very distasteful during a climate of layoffs, especially giving it away to "leadership".

"... Even if it Means Sacrificing Everything."

Awww. Y'all are so sweet! What happened to "Believe in something, even if it means sacrificing everything?" You believed, and now you will sacrifice. Hello, Aztecs. Wut wut!!!!

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| 1490 views | | 4 replies (last February 13, 2024)
Post ID: @OP+1r3ExvV5

HR leads for your org

Who manages HR for your org or function? Is their calendar blocked out for the week of Monday 19th February (or beyond), along with their direct reports? Managing widespread layoffs requires total dedication - all other people management duties need... — read more 

Stop Hyper-fixating on this site.

Anyone can post on here and it could be complete do-do. Sure check it, share if you’ve got something. But don’t make this your daily news page.

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| 1430 views | | 9 replies (last February 14, 2024)
Post ID: @OP+1r2zAH6o

SNKRBall Invites

Did anyone get the email invite to reserve SNKRBall tickets? They were supposed to email a link last Friday but nothing ever came through. I’m starting to overthink a bit. Id imagine the last thing they’d want is a bunch of laid off employees showing... — read more 

Flex spending account

for those with an FSA account, if you are laid off when do the funds stop working. Do you lose access to that money the day you are laid off or until your health insurance runs out?

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| 970 views | | 3 replies (last February 15, 2024)
Post ID: @OP+1r2B4r1J

Layoffs are not good!

Good leadership and management should avoid layoff in company of employees and focus on revenue generation and cost cut in other ways! Focus should be provided with job security of their employees so called FTE! All sports athletes/brand ambassadors... — read more 

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| 1640 views | | 6 replies (last February 13, 2024)
Post ID: @OP+1r2vEJmx

The stress is unbearable

All this uncertainty and a feeling of impending doom have thrown me completely out of whack. I’m crying a lot. Just feel sad. Can barely get out of bed this weekend. I’m gonna talk to someone on Lyra tomorrow. And gonna call in sick. I just feel like... — read more 

This is going to be a long week

Rumors say we’ll be getting a JD email this week with details of the 2/19 layoffs. I’m hoping they rip the bandaid off and send it tomorrow, but knowing Nike they will drag it out. I don’t think they are clueless enough to send it on Valentine’s... — read more 

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| 4050 views | | 13 replies (last February 14, 2024)
Post ID: @OP+1r2YSEvV

Enjoy the game folks

I realize many people are very anxious heading into next week and the following week, my advice is to take it easy this afternoon and enjoy the game.

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| 1720 views | | 9 replies (last February 12, 2024)
Post ID: @OP+1r1T7Pqf

If I was PK, I would..

Cut the management layer by 30% atleast. You wouldn't notice a thing, if anything things will get better, faster more efficient. Bring back all workers to office 5 days a week. If you want to be remote you better be some Rockstar IC that can't be... — read more 

Oregon WARN list and WHQ workforce safe

Deep in the threads here was a discussion about the Oregon WARN list and Nike’s obligation to give a 60 day notice of layoffs for those affecting 500 or more people. I checked this morning and I was not able to find such a notice. Is it possible the... — read more 

How many consultants on campus?

Do we have an idea of how many shiny shoes management consultants are on campus and what they are specifically doing? I’m talking McKinsey, Bain, BCG, Deloitte types. You know the really expensive ones.

Work from home February 19-23?

There’s a rumor that the week of February 19-23rd we will be asked to work remote. It is speculated that that week is when layoffs will happen. Does anyone have any real knowledge of this or is it just made up speculation? Has anyone been asked to... — read more 

Tech what the f are you thinking?

My buddy just told me they are taking away Slack and Box and making us use all Microsoft cr-p! Slack and Box are the only 2 smart things Tech has done in the last 10 years! You want a seat at the business table but you make stupid decisions like... — read more 

A company of temps

We have become a company of temps, mentally that is. Nobody knows when the assignment will end, what the future holds, is willing to invest in long term solutions or go the extra mile at work. Why should they? From rah rah culture to an apathetic... — read more 

Somewhere, off in the distance, a dog barks

Man is it quiet. Way too quiet. Part of me has to really admire how tight lipped HR has managed to be for the last 2+ months. Then the other 90% of me then remembers just how agonizing this whole process has been, and the immense toll its taken... — read more 

Being on campus is a nightmare right now

What a mess. Everyone is depressed, zombie walking around. Stressed. Worried. If someone is happy, it is very suspicious. My Dir boss has gone into push, push mode which is her controlling way of dealing with stress. It's all exhausting. What a... — read more 

What Positive Will Come To You

I want to know what you are looking forward to if and when you do get let go in the next few weeks. Are you look To spend more time with your kids? Home improvement projects? Travel? Resting and relaxing? Or are you just looking to jump into a new... — read more 

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| 1280 views | | 9 replies (last February 14, 2024)
Post ID: @OP+1qXdRfQ9

Layoffs Nation Wide

I don't know if anyone's looked at the news lately but the sheer number of layoffs happening is staggering. Also there aren't really jobs out there. Like None. I looked and there are maybe 5 jobs in our industry in the area posted. With Columbia... — read more 

Congratulations!

We’ve successfully navigated and survived one more day of being employed. Unfortunately for some we are one day closer to being let go.

The other brands…

How and when do we think this is going to hit Converse and Jordan?

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| 2240 views | | 4 replies (last February 7, 2024)
Post ID: @OP+1qW5qTOb

It will happen soon

“ We anticipate a restructuring charge of 400 million to 450 million in our second half, primarily related to severance costs which will be recognized largely in the third quarter.” Largely in the 3rd quarter. So in the next few weeks. Best of luck... — read more 

Mid-Year feedback for VP's?

Do our VPs go through mid-year feedback as well? I hope their peers give genuine feedback about some of them being so highly incompetent. We have few in GT that don't even know how to speak, forget knowing anything about Technology. How do they even... — read more 

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| 3220 views | | 12 replies (last February 9, 2024)
Post ID: @OP+1qWiV7jN

EMAE Marketing All Hands

Taking the opportunity to check if any EMEA folks are on here. Thoughts on N’s 😴 entrance plus JS admitting the non impressive creative work that has seen the day light during his creative tenure/ let’s just say the WhatsApp groups have been buzzing... — read more 

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| 2380 views | | 2 replies (last February 9, 2024)
Post ID: @OP+1qWEhDm1

NA All Hands - Initial Thoughts?

What stood out to me was when SU said, “the next few months” when alluding to RIFs. Looks like they do indeed plan to go past February. What are some other reactions?

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| 3290 views | | 4 replies (last February 6, 2024)
Post ID: @OP+1qVnh2Q4

How Nike Ran Off Course

The American sportswear giant is experiencing its worst slump in a decade. New competition is part of the problem but according to industry insiders and athletes, many of Nike’s wounds are self-inflicted: the results of disruptive restructurings... — read more 

Layoffs Will Happen in…

I’ve heard rumors of when layoffs will happens. There has even been debates on here about specific timing and if it needs or not needs to be in the 3rd quarter. We are fast approaching Q4. If it will happen I believe it will happen in the next two... — read more 

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| 5600 views | | 19 replies (last February 6, 2024)
Post ID: @OP+1qUaJeAs

Nike stock price down to $100

Layoffs will be bigger than anyone thinks. Evidence is the stock price, which at $100 is lower than it was before the COVID pandemic. However, the USD is worth 22.8% less than it was in Jan. 2020 due to inflation. What this means is that in real... — read more 

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| 2880 views | | 5 replies (last February 9, 2024)
Post ID: @OP+1qUB6n1a

Hang On!

Recent posts and threads are showing folks are beginning to melt down from stress of the unknown. A few more weeks max. Hang in there, do the bare minimum and then take a few days of pto if you survive the cuts. We got this… Do not quit before... — read more 

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| 3050 views | | 6 replies (last February 5, 2024)
Post ID: @OP+1qUVZzWT

For once…

Let’s try off shoring management and keeping the local engineers. If we gonna have 8 layers of managers, let’s at least be cost effective about it.

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| 1650 views | | 5 replies (last February 4, 2024)
Post ID: @OP+1qThKJeV

What Gives With Layoffs Coming?

The company has done very well in the last few years. What happened that there is such a disruption in the market that they need to cut so many jobs? It seems like things were going so well. People are back on campus. Lots of construction. Updates to... — read more 

Vesting schedule for 401K

What is Nike policy on retirement vesting schedule? Do you need to work certain amount of time to be able to take that 5% match employer contribution if they let you go?

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