Thread regarding Nike Inc. layoffs

@hq

A few down votes… but no one is arguing with it.

https://nielsbohrmann.com/deep-dives/prices-law

1. Beware of the Death Spiral
   When a company struggles, the few high performers will be the first to leave the sinking ship. This happens for two reasons.
   First, they are used to taking the initiative. So they will start applying for alternative employment before anyone else does.
   Second, they know they are competent and therefore have options. Finding a new job will be a breeze for them.
   So, if you are a struggling company of 10,000, once your 100 high performers are gone, you are left with 9900 ineffective employees.
   Not only did your productivity just get halved; you are now dealing with a huge overhead of useless staff.
   This means once things start to go bad, they will soon get much worse. It’s a death spiral that is very hard to get out of.
   But when you are aware of this dynamic, you can try to counteract it. For example, you can identify your high performers in advance. Once the sailing gets rocky, you preemptively pay them a bonus to stay.

“Just quit”, no thanks losers, I’m getting that severance!

Go into workday and identify as a 49 year old white male. Success rate is 100% for every non manager or leader that has done this. Doesn’t come with a stigma of having put your name on a list.

Be careful signing up for voluntary separations. I took an early retirement package from a company years ago when they were also doing layoffs. When you get into the job market people just assume you were laid off. There is a stigma associated with being laid off in the job market even if they say there isn't. It is like ageism...it is real. If you don't have a clear path to your next job or retirement you might want to reconsider. It is a tough job market and it won't be getting better any time soon.

It's definitely a "thing" to put your name on the "I volunteer as tribute" Hunger Games layoff list, I know of at least one person who successfully did that last year. The challenge is that it carries some risk. There's no formal process or path and how your request is received can vary greatly from manager to manager and team to team.

Since you're volunteering for a layoff with severance it doesn't save Nike any money and it can quickly sour your relationship with your reporting line manager and their manager if there wasn't necessarily a plan to cut you in the first place. I would say if you're in Tech this may be less of a risk since we know the supporting functions like Tech, HR, Legal etc. are high on the reductions priority.

There is no finish line

I am getting paid to leave this he-l hole

But cars do fly now. Have you not seen the new Elmo mobile ?

You can quit anytime you want

it'll happen when cars can fly

@a1 lol right but, jokes aside @OP, you can always raise your hand and get added to the next round of layoffs. With voluntary layoffs, you still get severance.

Baby, that’s called quitting lol