Less than 1% will be cut.
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IDSA
When you add up the May, June, and September layoffs along with the smaller layoffs that have been happening almost every week this year, and then the ETW contracts that have been terminated since January, and you have well over 1,000 less people at WHQ since EH took over.
And there were over 1,000 people let go at WHQ in 2024 as well.
Employee head count is heading downward towards the numbers from a decade ago. Hopefully, the revenue numbers don't match 2015 as well.
@ar+1k3rqr96g What do you mean Nike is staffed for 8% growtb and estimated to grow 3-4%?
A few notes
- Nike is shrinking. Not growing but declining and I no one I know is projecting any growth
- Nike has the same number of WHQ employees it did in 2016 but is much larger revenue wise- how are you calculating staffing numbers?
Or are you just throwing out random made up numbers to sound like you know what’s going on?
“instead of the more likely 3-4% growth it will see in the next several years. I.e., shedding just 200 jobs isn’t going to right-size Nike for the new marketplace reality.”
@ar+1k3rqr96g lol you think Nike is going to grow in the next few years? You clearly don’t work closely with the business.
I hope the ones let go that are in a not so good financial situation work things out.
It's easy to hand wave at others and say 'good riddance" but they are people too, don't be so glad "it's not me". Don't get me wrong, some are 'good riddance' but still.
Anyway wish you luck.
Nike was somewhat ambiguous in saying 1%. That could indeed mean 1% of corporate staff in Beaverton and Hilversum (so about 200 people) or it could be 1% of all staff (about 700+ people) with those staff all being located at corporate locations. The statement can be read and interpreted either way.
I’d like to think it’s the smaller number. But I also know Nike is currently staffed for perpetual 8% growth instead of the more likely 3-4% growth it will see in the next several years. I.e., shedding just 200 jobs isn’t going to right-size Nike for the new marketplace reality. If by some chance it is only 200 jobs this time, I would fully expect more layoffs to come in the upcoming months and years.
This isn’t the Nike of 10 years ago. Or even five years ago. JD did a lot of damage to the brand, some of which likely can’t be fixed with the current consumer reality where brand loyalty ain’t what it used to be.
Add this 1% to the 400+ let go in June and what about those let go in May?
Good to see the number of folks laid off should be fairly small. With that said, wondering who will be part of the <1% is still really stressful for people on top of the general instability and pressure since the layoffs last Spring. I hope this reorg rights the structure into something sustainable for longer than a year or two.
No impact on Global Tech this round around. Less than 200 people impact.
I like 1% just in Global Tech and we would be better
This one is targeted at Product and Marketing
will GT be affected? It was in the last rounds. So, this should be business teams...
There aren’t 50k corp employees. Closer to 11k which makes layoffs less than 100.
Didn’t get any email
< 1% of corporate. So looking at like ~250 people or less
Let’s goooo!!!
It’s easy to say but that’s still 500-700 people and their livelihoods.
Global Tech will not impacted