Does anyone feel like the “beyond” timeframe was just to cover themselves to lay more people off year round and into the next few years without giving any more notices?
7 replies (most recent on top)
It’s an indication that you should start looking for a new job. The sky is falling and it’s safe to say nobody is safe.
The rush to use Indian H1 slaves and Indian outsourcing is very Tech oriented. No consumer goods company would make the mistake.
Must be Tim Cook tge only person Mark and Phil might listen too.
Bound to fail. But Indian workers do not complain like Americans and off shoring hides bad data better.
Ex Pharma CFO soon to be hauled in front of Congress.
Speculation will this be Nike worldwide or just PHK?
Maybe they are encouraging people to look for other roles at other companies
The downward spiral is accelerating
Forget JUST DO IT. AND BEYOND should be the next future slogan for Nike.
The beyond is actually in the SEC filing.
$300 million in severance in 2027 and then another $700 million spread over 2028 through 3031.
Assuming the current batch of clowns running Nike is still around that long.
I know I won’t be.