It seems pretty sprawling… Obviously there will have to be some deduping in APLA, but pretty vague on where the cuts are happening in global. Any indication where additional cuts and restructuring are happening?
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The business can cry all they want, but Nike’s desperate to save money and that means Tech is out,
A whole building… 5-700. Maybe more.
…not going to be much business users left either.
The majority of engineers are already in ITC. Most teams have maybe 2 PHK engineers and the rest ITC. If they cut the remainder, business users will pitch a fit at not having someone in timezome to yell at live when things go wrong.
The new severance package consists entirely of a new pair of SKIMS signed by KD.
How many APLA employees are in Beaverton?
I don’t know why you say Director and Sr. Directors are safe, unless it’s tongue in cheek. There seems like there is most opportunity there and VPs reporting to VPs.
Given how much room this leaves for kickbacks, likely no real room for actual savings. Just like last time. Yawn.
Reddit threads from software engineers in India, report Nike is offering SWE 2s $18k salary. I suspect the massive savings there mean tech roles at PHK will be hit hard.
Biz in the new year, resize aop, hit tech once demand is understood in the summer or fall, keep it rolling for a few years in the pattern while the ITC hq is scaled up. Might start later than expected because voluntary attrition is very obviously the play
The fun part will be watching this dumpster fire grind to a standstill even sooner, hopefully for this poster from another company. All tactics no strategy from this dipsh-t csuite
Tech will get gutted first. I expect over 50% of PHK Tech will be gone by end of fiscal. Sorry, but a Bangalore campus means one thing only, and Tech is where outsourcing saves you the most money. If your team has even a single engineer in ITC, moving the whole team is the next step.
Finance had over 300 people in Bangalore. Accenture consultants, I think. Expect more of that. And of course supply chain will be outsourced to both third parties and India.
All in all, I agree with the 5,000 by 2030 number. Minimum. Probably 2000 this fiscal, the rest in waves.
@aa 5000 worldwide or just PHK?
If you’re a Dir or Sr Dir in HR you’re safe. Prob the same for finance. Anyone that has their name on deck with useless information, also safe. Strategy team, definitely safe. Flight operations for the corporate jet fleet, very safe.
If you’ve delivered any real value in the last quarter, you’re probably already on the list. Start packing.
Will be 5,000 in aggregate in a few short years.