Does this get started after investor day? Meeting post that seems ominous.
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Layoffs started decades ago. Literally.
Anyone know anything about EHQ?
It’s likely fiscal Q3 which spans both calendar years. So December to February Then start Q4 in March clean and prepare for new flying formation with revised GEOs. If they are taking the reserve in Q3 that when it will be. Happy holidays.
It’s Fiscal 2027, says right here https://www.sec.gov/Archives/edgar/data/320187/000032018726000184/nke-20261001.htm
All ya’ll are deluded if you think they’re waiting till after the holidays.
@eb Not only are you wrong on the FY part, it's also planned to go on for at least 3 years
@eg Finance is doing some house cleaning, but it's mostly SLT level. It's not part of PACE but DD's preference
Who has gotten notices? Seems too soon.. So we are getting a side of layoffs with our thanksgiving dinner? I thought it was a more of a new year’s slim down resolution for old boy Nike. Well coal it is for us from the holiday grinch.
@ec I guess we'll see. Work at home notices have started going out.
It was CY 27, not FY 27.
@ak FISCAL 2027. FISCAL. That started June 1. Yes, layoffs will start immediately after investor day. The 2027 fiscal year will be over May 31, and the reorg completed by then.
Was told the week after the all team meeting. Was ordered to work from home that week.
if you mean the large scale staff reductions, they've already said in 2027, so January 1st at the earliest.
What are you even talking about