Thread regarding Nike Inc. layoffs

Has the myth of Nike always been a Mirage, or was it all just lucky chaos, and BS.

This forum is largely ignored by Wall Street analysts, the Nike stock is stronger than ever among Institutional holders.

The posters here are presenting a picture of a dumpster fire at best, mass abuse of employees at worst.

It has become an accepted "Post Amazon changes the world stock", which may well be true of the Nike brand. Congrats on that. The Price, ?

The last six years have been a roller coaster of near epic disasters for the brand, each one, exposing another commitment to an ethos of "Whatever it takes".

So when did this change happen at the company, or has the Nike myth always been a mirage.

Does Phil coming back, one last time, make the difference in morale, and exposing the truth, all of you claim is now missing in this hellish pit of corporate s**t.

You do not read, or hear much about anything like this at Converse, so this must be an  Oregon thing.

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| 1901 views | | 3 replies (last February 25, 2021) | Reply
Post ID: @OP+19vTHziz

3 replies (most recent on top)

30+ Years as a nike partner. I've watched them build up this Nike Mythology for decades. It's just that, a myth, but the lie sells. I only put up with it because the money is good.

I remember decades ago when a certain higher up explained the origins of the swoosh, and it wasn't all that c-ap about paying some upstart designer $20.

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Post ID: @5fdk+19vTHziz

If Michael Jordan never signed with Nike this company would be an absolute shell of what it is now. That was absolutely lightening in a bottle that no one could've imagined turning into what it did. The "template" that was created then allowed for athletes like Lance Armstrong and Tiger Woods to become massive business and cultural success stories (until they weren't).

It's just too bad there's so many more distractions in our culture nowadays and that approach just doesn't work like it used to. I mean, if you took LeBron and Serena and put them in the 80's/90's they'd be a million times more relevant outside of their sport than they are now. It's much harder to bank off their success in this day and age.

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Post ID: @3cdo+19vTHziz

Perfectly stated. Truth.

PHK see ya, said 50 bil or bust in 2020, the arrogance is stunning, why 50 billion, hard to do, grow like that, mature company, real competitors, this forum seems to prove the bust part well, a lot of dead bodies, Edwards, Johnson, Salazar, U.S.A.

It certainly benefited the biggest stockholder pretty well.

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Post ID: @2nim+19vTHziz

Probably around the time Parker said Nike would be doing 50B in revenue by 2020 back in 2015. It's been all downhill since then if you were an average Nike worker. Losing benefits and perks, constant layoffs and reorgs. If you were a Nike shareholder? Well, sh** man..it's been the exact opposite.

Seems like the worse it gets for workers the better it gets for shareholders. Funny how that works...

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Post ID: @tix+19vTHziz

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