strategic thinking

Some threads said only managers and above will be affected. Anyone has real info? Is this purely duplicate functions and based on span of control? Or is it bottom x% including SWE will be cut?

OK so I am not trying to be funny or sarcastic but I am a single dad and cannot just pack and leave Oregon because of custody issues. If l am laid off, how much I may be able to earn working for Uber? Do we have anyone here who had worked for Uber or... — read more 

If so any recommendations?

Do we know when exactly people are going to be notified of the layoff, if at all? Also, do you think the names have already been shortlisted a while ago? Or are they trying to figure it all out now? This uncertainty is ki-ling me tbh.

How fast did this site take down the post y about racism and revolt on DEI hiring? The responses on these and that thread indicates a clear problem at Nike and it’s being shoved under the rug . Someone for real should take screenshots of this and... — read more 

Even considering 2000 employees layoff $150K average yearly salary That’s $900m worth of salary in the next 3 years. How will Nike save the other $1B if not for salaries. Does that mean the layoff number could be higher?

Please do not be situationally unaware. The first and easiest cuts will be people who are not in office 1/8 (excluding remote roles) Management has stated on multiple occasions there will not be any flexibility. I think most layoffs will be at the... — read more 

My team is in whq but I had moved out of state during covid. Also I had a kid last year. If I go back on maternity/parental bonding leave again will I be protected from layoff?

Security has collected all of the metrics about how we show up to work and what we’re doing when we’re on the clock. During the pandemic and beyond, programs like zScaler and Workplace One recorded your location, time in apps. Mouse clicks and... — read more 

Ratnakar brought in a lot of incompetent and grossly overpaid people from the Bay Area. New groups were created just to bring these people in. They are staffed at all levels of management (VPs, Sr. Directors, Directors), and they brought their... — read more 

I’m guessing you are left out of the details because it’s below your status. And I hope others share more details against their confidentiality agreement. Do you know how many su----es have already happened? Many. For months now, as the layoffs... — read more 

I am worried about the layoffs. What are you doing? I am not sure about my next steps. I’m an IC. Should I start applying for new jobs? How many days will we get before the 60 days starts as per Nike layoffs? Any thoughts? For others: people on... — read more 

Trying to prepare for the worst. Have a newborn and mortgage and on visa. Not sure what to do!

The 3 year layoff cycle continues. 2017 mass adidas competition layoffs. 2020 long tenure layoffs. 2023 budget cut layoffs. I'm sure it goes back a lot longer than the past 6 years as well. Could have seen this one coming when they gave everyone a... — read more 

He’s a corporate politician, and among the most sincerely insincere humans I have ever known. Nike is cutting 2 billion, and setting aside 450 million for severance costs. This won’t be like the last few layoffs many of us veterans have been... — read more 

Working at Nike is easy for 80% of people that are not needing to put in more than 30% of the effort which would be normally required at another job. Three years of WFH just allowed those to take advantage of that even more and thus become even... — read more 

Why was a senior citizen hired as CEO? I know diversity is important but seems like kind of an important position to get someone just to check the DEI boxes. Should have just had PK keep going

Are we insane? Announcing a huge layoff days before the holidays? Our competition couldn’t ask for a better gift in terms of hiring and retaining top talent!!! WTF!!! I’m sure our PR team warned against this but WTF are we doing? All we had to say is... — read more 

John Donahoe, Heidi O’Neill, Matt Friend, and Mo Matheson are single-handedly ruining this once great company and quite literally running it into the GROUND. Does our Board of Directors care? Does our founder care? Does Mark care? Why is the Board... — read more 

Being witness to the mess that has taken place over the last year with "quiet" layoffs happening intermittently with zero communication to those of us still here, Nike is crushing the souls of those of us who remain. Then to announce four days before... — read more 

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 

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 

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 

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 

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 

Which is the only good thing about all of this, since it's always my biggest fear when it comes to layoffs.

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 

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 

MM sold $1,190,000 in stock 10 days... — read more 

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.

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 

Send JD back to Bain where he can get back to his roots: levered buyouts, corporate raiding, asset stripping, or whatever else "consultants" like him do... he sure ain't producing anything of value here.

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.

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 

estimates have about 1200 people being let go

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 

Yes, JD, yes you are.

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