I’ve been with Nike for over ten years. Decided to look for another job after the last round of layoffs. It looked to me at the time that it may be pointless to continue with Nike. There was no direction or strategy, no real attempts to revive the brand. Work started to feel really stale, Nike more so. Now I’m curious to see if things will change and improve.
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@3awo+1uN7fV3H Do you really think Nike would fake the numbers in their impact report? Just look at how leadership has changed in the past 5 years. SLT and VPs had performance targets tied to DEI goals, with financial incentives. So yeah, the targets are gonna be hit when it’s as simple as hiring based on gender or skin color to increase their own pay. The real issue is whether these changes were actually good for the business, or morally correct, for that matter, or if meritocracy was thrown out the window in the process—all which is what people are saying.
@2mou MM that you? Defensive much? How those stats looking post layoff? Not sure i believe the female VP stat, but ok. How about those interns? Oh, what about the racial and ethnic minorities, are they from underrepresented groups? Probably not. Nike fuzzy math.
If you were really curious, you could’ve just Googled it to see where Nike’s at. The FY24 impact report isn’t out yet, but the FY23 report shows
- Women were 51% of the global workforce, already 1pp above the FY25 target of 50%, and up 1pp since FY20.
- At the VP level and above, women were at 44%, just 1pp below the FY25 target, and up 6pp since FY20.
- U.S. Racial and Ethnic Minorities were 41% of the workforce, 6pp above the FY25 target, and up 9pp since FY20.
- At the VP level and above, U.S. Racial and Ethnic Minorities were at 34%, above the FY25 target by 4pp and up 8pp since FY20.
Looks like most of the goals are already hit or will be by the end of this year, especially after the recent reorg where they factored in these metrics. Pretty big changes in just three years.
I personally value being part of a diverse workforce. I’m genuinely curious to know where we are now with these commitments?
MM, please tell us the truth! You fired so many incredible women in 2020. What is the corporate stat now?
How about underrepresented minorities at the VP level? We know You fast tracked a lot of folks to VP… Including JS and look how that blew up in your face?? What an embarrassment!
How about the intern class that you touted? How many of them were converted? And how many are still here today?
MM, tell the truth for once.
“In outlining the progress Nike made in 2020, the sneaker maker said it has increased representation of women globally across its business to 49.5%, from 48% in 2015. Representation of racial and ethnic minorities, meantime, at the vice president level in the United States increased to 29% last year, from 15.9% in 2015. Nike also highlighted the fact that its 2020 intern class was its most diverse ever, with 55% of its 310 interns being women, and 49% representing racial and ethnic minorities.
By 2025, Nike said, it aims to achieve 50% representation of women in its global corporate workforce (which doesn't include retail store and warehouse workers), and 45% representation of women in leadership positions (VP level and above). It's targeting 35% representation of racial and ethnic minorities in its U.S. workforce by then, too.
Nike also said it will invest $125 million over the next five years to support businesses that work to "level the playing field" and address racial inequalities“
@1yvd+1uN7fV3H and now EH is walking in just after JDs/Bains "strategy" has been executed. Yes there's a lot of energy behind EH, but the mess he has to clean up will require leadership, courage, and actually looking at the leaders and people here to figure out who should stay and who should go based on what they have actually delivered versus how much they talk. I haven't seen that happen here in over a decade.
These dog-💩-on-the-shoe earnings just shows that large cap governance is deeply broken. Donahoe should have been let go a long time ago, yet the Board did nothing. His stupid strategy was an absolute disaster, which everyone realised, except Board & “research analysts” 😒
Reposting @mrw+1tCguGtp
“The issue is that Nike linked executive compensation to achieving highly ambitious DEI goals, which led leaders to make decisions primarily to maximize their own pay. While diversity itself is not the problem, these incentives essentially created discriminatory quotas that undermined meritocracy. This approach resulted in the rapid promotion of underqualified individuals into key roles that make crucial decisions and set strategies for the company.
https://www.cnbc.com/amp/2021/03/11/nike-sets-diversity-goals-for-2025-ties-executive-comp-back-to-them.html
“
Bill Ackman, activist investor whose hedge fund invests in companies which have “lost their way,” recently acquired a large stake in Nike and commented on DEI just three months ago: https://youtube.com/watch?v=bkCpQk_K_jg&t=1m15s
@ppu+1uN7fV3H Just because someone criticizes DEI doesn’t mean they think white men are the top of the food chain. You can disagree with DEI without believing in white superiority. Those two things don’t have to go together. I don’t get why that’s so hard for people to understand.
It is not going to change or it takes years... Sure stick may rise again,and Nike will start selling in retail stores and those stuff (which does not directly affect your quality of life) but the toxic people whom you are working with will be the same...back stabbing, stealing credit, a-s kissing.. same sh-t
You white men really gotta deal with that copium, I know Nike allows you to still believe you are the apex, but you havent been for a long time and no matter how much you hope to hold on you wont. You, like your ideas are unseasoned, old and was probably stolen from someone else. And if you agree with this take and are someone who benefits from DEI( that's including you white women) do better.
Things will definitely improve when EH comes back and puts Nike back on the map. It will just take time. Nike is not a sinking ship. EH will bring Nike back to where it use to be.
“and you can bet DEO hires will be the first to be sidelined.”
One can hope…
No, it’s not going to change—at least not for the better. It’s going to be years of chaos, more half-hearted initiatives that go nowhere, and even more betrayal. The backstabbing will only get worse as everyone scrambles to survive, and you can bet DEO hires will be the first to be sidelined. Leadership seems to have lost any real vision, so don’t expect any meaningful progress. The same old toxic environment will linger, and any attempt at "improvement" will likely be just lip service to save face. Nike’s culture has become stale and stagnant, and it’s hard to see how they’ll pull themselves out of this spiral. The writing is on the wall. It's a sinking ship.