Layoffs?
Return to campus 5 days?
Jordan leadership changes?
Let’s guess and see who is right.
20 replies (most recent on top)
@fy MF's earnings explained call was, not the EH all hands call. All hands was always the day or so after. Since MH is out for DD, maybe DD doesn't want to explain anything.
@fx but usually it is on Thursday after the earnings call
It moved to Friday because the earnings call is Thursday and they can't share anything material in advance of that.
@fe Yeah, I am curious why it moved to Friday this time
@fd it is interesting they moved in to a Friday early am.
It will be the same tired speech. Things are bad we all have to sacrifice together to turn things around, believe in the method, just hang in there one more quarter. They don't have the ba--s to announce sh-t
What if there is nothing announced. Just more talk of headwind and the sports offense.
@e5 EH may announce he is retiring (again)
The need for workforce reduction will be announced - the company can not operate as is within the economic / global context - layoffs-restructure
HQ moving to India
Would we need a translator?
https://www.instagram.com/reel/Db0mpDetjcx
Jordan yeah. Layoffs for Christmas.
@bz I doubt they asked. Likely they just told their managers they are ok with leaving given the opportunity so their name made the list.
@aj They asked for people to volunteer? Would they announce that or ask for that Friday?
@ac I definitely know a few people who volunteered essentially for the last RIF. They knew they had solid options and opportunities. I think pretty much all of them have landed new things. Some immediately and others look like they took the summer off. Treat it like a giant bonus.
@a3 I think you can count on one hand the number of people who would voluntarily quit due to RTO. That’s because the vast majority of people still need to work. Quitting Nike would then mean finding another job with comparable pay and benefits.
Possible? Yes. Difficult? Yes. Most people’s desire to leave “the devil you know” to be the ‘new person’ at some other company that will likely have its own issues? Close to zero.
Typically the only people who voluntarily quit are people who have a basket of solid and desirable options elsewhere. Those people are always leaving on occasion regardless of how Nike is doing. But it isn’t a large group of people. Most prefer the comfort of what they know rather than taking a career risk. Sure, staying is itself a career risk. But at least the odds are in your favor.
They won't announce layoffs during an all team meeting. They never do. That's done during org specific follow ons.
Benefits reductions are more likely. Along with some sad dad scolding from our leader who can't manage morale properly.
RTO saves money with attrition / people leaving without having to pay them severance
@a1 DON'T take that PTO, a few days off before getting laid off isn't worth getting paid out the cash value of that PTO if you do get laid off.
RTO will obviously cost more money. Workforce reductions will be in effect early January. Take that PTO.