Layoffs don't fix companies or stock prices.
Nike. What a sad mess.
3 replies (most recent on top)
Nike doesn’t even follow businesses 101.
Layoffs ALONE do not fix things
@OP Yes, they do…eventually. Labor is usually the second highest expense for a business after materials. Net profit and EPS are down over 60% since the peak. Do you expect the company to keep the same number people? Go look at how much the number of employees grew during the bo-m years. There’s no way to keep that much labor on board until things turn around. IF they turn around. Most people learn that in Business 101 classes.