When it comes to layoffs there is no finish line. Just Do It? Apparently that only applies to cutting headcount. Always chasing the shiny objects while the basics get benched. Somehow MD still has a job, and HR is running around like it’s a team-building offsite. Help us.
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If you layed off, then there IS a finish line!
@ah:
I don't know, but am super impressed by the way you summarized this data (not trolling).
That is pretty damn interesting. Things that make you go hmmm...
Anyone doing the math? Over 800M in restructuring costs since 2018. Now, in the same time horizon revenue has grown by 9B so I guess it’s not all that bad? Imagine if there wasn’t so much churn? Maybe it would 20B in growth..
• FY2018: First visible charge (~$111M), tied to Consumer Direct Offense.
• FY2021: Large charges (~$255M) from Consumer Direct Acceleration layoffs/restructuring.
• FY2024: The biggest single year, $443M, as Nike undertook a broad cost-savings restructuring.
• FY2025: Wound down the program; only immaterial new charges but confirmed significant cash outflows for severance (~$247M).