I personally think this “layoff” will be nothing. There’s no incentive for it. JD was searching for EBIT gains. He’s a PE guy. It’s what they know when things aren’t going well on the revenue side. Can you do the same with less? (tbh, we are, but that’s an unpopular opinion and not the point). EH NEEDS to show revenue growth. The street doesn’t care about margins as much as it does seeing Nike regain marketshare and getting back to revenue growth outside of just increased prices. Layoffs don’t accomplish that. If anything, it hurts it. Causes morale and an efficiency drop. EH can’t have that. Any layoffs that do occur will be due to restructuring in a way to increase revenue. This will also bring job creation. EH NEEDS growth. To keep his job, glory, and to get a fat bonus for him and his direct reports. Keeping the status quo or layoffs don’t help him accomplish that. One doesn’t get him any glory and the other is too risky. Again, I’m not saying layoffs will be 0, or that there won’t be change, there will be some here and there in small pockets, and people will have new roles, but imo it’s getting over blown and people need to chill.
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I think this will mostly be shifts, resurrecting sales, and laying off underperforming folks.
Last year’s phase 2 layoff happened at the beginning of the NBA Playoffs. And remember, you can’t spell Playoffs without layoffs. Hahahahaha
OP: another non-Nike troll
Layoffs overblown, unless you are one of the people laid off…
Layoffs over blown? I'd rather be blown over layoffs.
Almost 500 people in Tech were laid off last month.
Like I said, no more layoffs please EH.
Tell that to the big group let go on June 10th.
And the folks demoted and moved in that first part of this wave.