The good: they finally said there is a long term plan
The bad: they keep acting on short term profitability (layoffs). You can't have both ways
By firing that many people they are basically signaling Nike will be a smaller company in the coming years
@a6 half? More like 1/3. My observation is that 1/3 of the population is waiting for layoff. 1/3 is waiting for retirement. 1/3 carrying the company on its backs.
@a2 you don't determine the size of a company by the number of employees. Size of the company is based on revenue. Having to many employees just cuts into profits.
But Win Now is working so well that our results are garbage and we have to lay off thousand of people so I don’t really get what you mean by conflicting.
Fu-k EH and the entire LT.
They're just offering up the fodder to keep their golden parachutes.
Challenge is the lack of management. Not people with titles of manager, director, vp, and so on … but of people willing to MANAGE. That is to do the hard work it takes to identify waste, cut unnecessary expenses, cut red tape to allow people to be more efficient, hold people/teams accountable and so on. Is the lack of management that’s created this mess, ain’t gonna get better by cutting swaths of resources and pushing tech to ITC. That’s not ‘managing’ … that’s not getting all the ingredients together and doing the work to bake the cake, that’s just continuing to pig out on the cake and cutting parts of it off to throw in the trash. Eventually ya run out of cake.
Glug-glug-glug … keep listening to the water flooding in and doing nothing to actually plug the holes. Ship is sinking and the folks that know how to plug the holes are prevented from doing so by ‘management’. To right the ship there needs to be some courage, lots of honesty, and a lot of soul searching and asking hard questions about is ‘this’ really necessary to make better products or make Customers happy. If it doesn’t, shouldn’t be doing it, not at least until the ship stops sinking
Nike could likely lay off half the company and be fine if only it could correctly identify the half that isn't doing sh-t. It's been the same for years, long before stock started tanking that the joke was only half the people at nike actually do any work worth anything. The problem is the layoffs at best have been laying off equal numbers of both and at worst far more of the ones doing the work
Doesn’t he say the same thing every time and just name it something different? Nike is spiraling, get out while you can.
Focus people @a1 has it
Making the company smaller is a justification today. Letting people go is not a strategy. Its what you do when you don't know what to do because you didn't know what you were doing.
Layoffs are the best indicator the people in charge fu---d up. Repeated layoffs are the best indicator the people in charge are clueless. It takes zero skill or intelligence to hire and fire people.
They just went from win now to win sometime in the span of 18 months and you think there is a plan? That's some fu--ing strategery right there
They are saying in writing that Nike will be a smaller company publicly.
There’s no plan. This is just flailing with a different slogan.