Is there any point in waiting to see what's going to happen or should I just start looking right away, considering predictions for tech?
22 replies (most recent on top)
Your answer lies in your question. ATB.
And there will be finger pointing and disagreement until the very end.
The last one left standing wins a signed AF-1 from AW, JS, RL, SP, MD, DA, and VA.
You guys will love this: I expect only 1 VP and 3-5 Sr. Directors will be left in PHK's Tech org. Architects and some engineers will remain too. Maybe 20% of the current org if we're optimistic.
The biggest whiners about it? Directors who know they won't make Senior Director anywhere else in this awful market.
All of tech is going to India. Only master Oompa Loompa Zest Venky and his minions will remain in PHK.
"Prediction? Pain." - Mr. T
Net team needs to be cut and m9ved here to ITC, nothing they can do at phk that we cannot do. They are just smart habds
@be that’s exactly what I did. I won’t say I felt great about myself. Truth is I had trouble caring or motivating after enduring so many rounds of layoffs and reorgs. Everything felt futile. I understand how H1b folks stay motivated: keep this gig or potentially be forced to leave the country. Everyone else? I don’t know how they do it
@dm I never wished for cuts in Tech, exactly the opposite matter of fact. That quote was from another post talking about how if you are going to make cuts at least TRY and do some research and ask the people actually in Tech so you can learn.
We cut some of the brightest recently, people that were the de facto expert in their area, literally the: "if you don't know you always ask this one person".
I don't want cuts of any kind but cutting the starting team and leaving the bench on staff is another level of d-mb.
'They never cut the right teams in Tech.'
Your stupid wish will come true this time. They'll sure cut from every team. They'll obliterate Corporate Functions, destroy what used to be TechOps, shatter Networking, and nuke CIS into the stone age. Happy now?
Start now. There are Linkedin posts from Nike engineers announcing they're driving buses until something comes up.
They never cut the right teams in Tech but also thinking there will be more sweeping business side cuts also.
More importantly than anything else SAVE SAVE SAVE... you should have a year plus cushion if at all possible.
I can't imageine VA's org(including tech) not being impacted in some way. Tech jobs are higher paying than most. You can't generate the kind of savings they want without trying to cut some budget from Tech. Plus I would argue we have more teams than needed in Tech. I just don't have confidence they have the knowledge to cut the right teams.
They're very likely going to focus mainly on Business this wave.
That said, always keep your resume polished and you'll be okay. This is not a stable company.
If you stay, don’t kid yourself that picking up the slack from those around you that are leaving (physically or emotionally) is going to help you.
The only reason to stay is to coast until they pay you to leave.
Tell me I’m wrong.
@ap Well said. I also was laid off in April. Found exactly what you stated in terms of phantom job listings. Connected with a couple of good recruiters and ended up starting a new job the week after my Nike pay ended. Lower pay but better commute, much better work environment, and great people to work with. Same as you in terms of initial shock, but much happier now. The best thing to happen to me in awhile
My response is entirely from a tech perspective...
As someone who was laid off in the last round, I recommend starting to look now, as it takes time to find recruiters that are a good fit, etc., plus there are many fake job listings out there to learn to identify (some listings are reposted every month and have been out there for over a year). With some luck, you may be able to get an offer shortly after you get laid off, allowing you to keep severance. Between my severance, PTO, and bonus in August (laid off in April), I ended up getting money equivalent to me working another 10-11 months. Landed a contract offer about 4 months after my last day of work, and continue to work with other recruiters for better $$. Systemic wage suppression is in full force right now, at least in tech. Looking now will likely help you figure out your minimum pay expectation relative to the market.
I suspect Nike announced the layoffs now precisely to get people to quit. Just doing the minimum between now and January while looking for a new job may help ensure you get laid off and get that severance. Now that I'm not at Nike, my happiness level is much improved, stress much reduced - there is definitely a good life outside of the berm, and in an odd way, I find I am extremely grateful that I was laid off, despite the initial shock.
Good luck with whatever happens!
Start looking the job market is tight. A lot of tech layoffs have already happened this year and there are probably going to be more. You will be competing with a lot of candidates so get started. Be prepared for a slow start. A lot of companies stop hiring as the end of the year approaches with all of the holidays and people using up vacation time.
Everything @A7 said is true. Plan on looking for a job every 3-5 years if you want to work for the bigger corporations.
Statistically you have a 0% chance of finishing your career in tech at Nike. Nike will cut you. Maybe not in the next round. But you will get cut. You absolutely do not stand a chance of making it to a retirement age at Nike. This is intentional and keeps wages (and experience) low.
It might be just slightly better than 0%. But it is nearly impossible. How many going away parties do you recall for people that are retiring? How many people do you work with that are 50+? Thousands of employees and only a handful of unicorns that have survived.
Get out while you can. Or, double dip w another role or side hustle.
But you will get cut if you stay.
@a5 the only thing is if you wait then there will be more competition for all the laid off folks
@OP always be looking but stick around so they have to give you severance
@OP I also wondered they spoke about 300M in lay offs in 2026. Is that with what happen already or to come?
@OP I was curious if that too are people just waiting or starting to look? I felt like the message was loud and clear but people didn’t seem too concerned