I don’t agree with cancel culture but people are mad. Not just Portland, but other areas too. Nike really fu---d this one up by announcing layoffs days before Christmas. Been at Nike for 8 years, they lack innovation and leadership, I can’t see things going up.
16 replies (most recent on top)
@1mhy+1qhX0LO9 Things can happen in life when you least expect it. Partners die young suddenly, parents, friends... Illness shows up out of nowhere. Your post is dripping with naivete, ignorance, and frankly stupidity.
May you never experience one of these humbling encounters. They blast your whole world and can destabilize you in every way.
@1mhy+1qhX0LO9 unless you decide to live alone for the rest of your life, do not be so sure you yourself cannot end up being a single parent. My dad was taken away by heart attack in less than 24 hrs. Just do not be so sure! You may find yourself or a loved ones in the same boat
@1ysb you sound young (we can only hope) and without much life experience. The bizarrely misinformed "got mine" mentality of yours is like an outright caricature of things driving this company into the ground.
Imagine thinking other people are the entitled ones lol. Get back under the boot, Theon, JD's feet are tired
@1lfo+1qhX0LO9 Every decision has consequences. Being single with 3 kids is one of those so don’t expect sympathy from anybody else.
Nike the end lol. Nike is still larger than ALL its competition. Just a bump in the road....
@1tgv+1qhX0LO9 Hey I am sorry it seems the pressure of layoffs has got to you! Poor decisions? Hmmmm What makes you think having 3 kids was poor decision? Happened to lose my beloved husband to a car crash. Working for Nike is a poor decision? I don't think so! Love my team and love my job and Nike is not my only source of income. Not sure why you interpreted my post so poorly?! Must be lay offs affecting your mental health
@1ogn+1qhX0LO9 you ever been a single mom with 3 kids? You are right it is not zombie attack but I would prefer to deal with a zombie attacka and still have a paycheck! Have you ever dealt with sick kids, unpaid medical bills, zero support around?
Holy Fu-k it is a layoff, not the fu--ing zombie apocalypse...companies layoff every day and you think since Nike is laying off it is the end of the world for it. Get over it, and if are laid off, pull yourself up by the britches and fine more work....not that hard.....FU-K.
The moment you start managing to the bottom line and to quarterly earnings, your brand equity is tanking and it’s already too late
Good points below. What we have seen is management consulting is just ppt bs. They have no real idea what they are doing and don’t understand the business. All they can do is goose earnings by cutting costs and delaying investments. Any fool can do that. The problem is that doesn’t create sustainable advantage and strategic competitors will clean out clock repeatedly.
It depends on if they still keep those sc-mbags making decisions. Anyone manager and up needs to go.
The end? No lol, its not. Rome didn't fall in a day.
Nike has been in a vicious cycle for a while already, which seems to have been accelerated under JD thanks to a series of mistakes beginning with hiring a management consultant, a group with notoriously limited vision and creativity, as CEO. Nike is a slave to Wall Street and being confined to quarterly earning cycles is the enemy of innovation. Our current crop of talking head millionaires don't have the backbone or acumen both to break the tailspin and instead chase easy, temporary stop gaps, kicking our real problems down the road, all at the continual expense of the rest of us.
Eventually when whomever remains have had enough, we can't bring in any new talent because our workplace reputation is shot, and there's nothing to show for all the years of absent interesting new product, those problems are going to come home to roost.
It will come back someday. Selling sneakers isn’t hard. Sell more sneakers at higher prices. Innovate and hype them up. What do they do? Cut a bunch of distribution channels and watch sales go down. As if most people will go out of their way to buy product. They will buy what is available right then and there. Do you think the product is any better than competitors? Or is it interchangeable in their minds? How many of the same classics does the customer need? They want variety and newness.
This is what happens when you hire a corporate pirate for CEO. They take out a bunch of loans, milk the company dry, then bail out with their golden parachute.
Nike is dead. The only question is “When is the funeral?”
https://www.macrotrends.net/stocks/charts/NKE/nike/debt-equity-ratio
The ship is too large to sink but the captains a charlatan and drunk at the wheel.
Take however many months or years you need to find a lifeboat. Just keep in mind the water level will keep rising down in 3rd class with all us non-exec’s.
It'll be a long uphill battle.