“ We anticipate a restructuring charge of 400 million to 450 million in our second half, primarily related to severance costs which will be recognized largely in the third quarter.”
Largely in the 3rd quarter. So in the next few weeks.
Best of luck everyone
10 replies (most recent on top)
"Recognized largely in the third quarter" means they're taking the accounting charge in Q3, it does not mean all or any of the layoffs will happen in Q3.
Like most executives her trades are under a trading plan. SEC Rule 10b5-1. So no, she isn’t unsophisticated enough to randomly trade 10 days before earnings. That trade would have been made even if Nike had reported stellar earnings.
She couldn’t because of a black out period unless she has a plan filed way before earning that sells at regular intervals. So this accusation is wrong. Blame her for a lot of things, but not this.
@yzg.
MO is a shareholder. Ask her why she sold 10k options contracts with a exp date in 2028 just hours before the announcement of layoffs? Nah. No insiders for sure.
How would our stockholders have any better information than we'd have @dvz? Thelayoff.com/super_duper_top_secret_nike?
@dvz+1qWhSaor Hardly a surge. Still down 2% for the week
Nike stock surging today…announcements are imminent
You're quite missing the point.
Nike has jumped the shark, like Bud Light before it. Not because it hired Dylan Mulvaney as an influencer or used grotesquely obese mannequins in its promos, but rather because starting with Kaepernick it has become apparent to the broader market that Nike will virtue-signal harder than anyone, anywhere to compensate for the fact that it uses concentration camp Labor to sell cheap plastic junk to low-income consyooomer victims in exchange for better game seats at some pro sports extravaganza that nobody aside from the fast food and sugar water sponsors really care about.
Decadent, weak men create hard times and that explains Nike's squalid history in a concise nutshell.
please read the other threads, this doesn’t need to be announced to individuals in the next few weeks to qualify. It’s been addressed ok this site maybe 5 times already.
Anyways they give 60 days notice so you’ll still be on the books into the next quarter anyways.
That’s news to me! I didn’t know that can happen. It’s literally the first I’ve heard of it. Because I’ve been living in a rock eating my own fe--s to survive.
Yeh, we know.