How many
When
What departments, groups or orgs.
I assume GT will be the hardest hit.
Can anyone share any info?
Come on HR folks.. Have you started to make those lists yet? Is there a plan.. By grade, group, org... .
Is it going to start in January?
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Except Nike has a standard severance agreement and package in writing, so yes, they are required to provide severance to laid off employees.
@f2 They don’t have to give you a penny of severance pay. They can just so you the door, so your statement doesn’t make any sense.
Innovation is safe for now
They want you all to leave voluntarily so they don’t have to pay severance. .
You don’t work with anyone over 50.
You know few over 45, outside of management.
You suspect anyone over 40 is in a continual state of fear.
…yet somehow the inevitable that is another layoff targeting the aged is a surprise.
Rolling layoffs in tech have occurred for over a decade. When business is good. When it isn’t.
Do not. Absolutely do not. Ever. Give more than the absolute least.
Nike and the vultures of an ill informed arm of HR in their first SD posting… with no technology experience… coupled to a team of newly minted MBA’s… empowered by a central accelerator office arm-chair lay-abouts… will forever invoke an xls sort-order filtering to derive maximal hard monetary impact to the balance sheet in appeasement to a VP clinging to the hope of outlasting a vesting schedule. As there is no regard for capability or experience as you are a line item to be replaced not unlike the latest Pegasus refresh.
For a moment, appreciate the disdain you have given to a managing layer… incapable of sound judgement and leadership. Whose very hands are simultaneously architecting and manipulating reality to forever maintain control… have actually created a system of quite effectively extracting your value before removing you along with the others that have been simply been referred to as impacted.
After a decade of layoffs… no longer should you be surprised. Rather, you should frame your surprise for having survived another day.
You will know when you get your work from home week and zoom invite after Christmas.
A lot of high performers, some with decades of institutional knowledge were let go in previous rounds.
Just assume you’ll be cut and start finding a new job now!
I used to think Tech wouldn't suffer another layoffs wave until March next year, but I don't know anymore. Morale is in the gutter and productivity is looooooooow. Why would you prolong this situation for another six months?
@a2 The January ones, but I'm sure by April that might be changing
HR here. Don't worry, GT is safe from these upcoming layoffs. :)