Thread regarding Nike Inc. layoffs

I would leave and just keep looking. One of my friend recently told me that kept me think deep. "You gotta be on the driver seat with control". Good luck brother.

I think the real question is what is OP's interview prep routine.

Life’s short yo!! Risk it for the biscuit!!! Just do it!!

OP listen to @ba... that person got it perfect.

Every manager will tell you you're safe until you're laid off. They will say whatever they can to keep morale up

I'd take it as long as the role downgrade means less responsibilities to corrwspond with less pay

If told by anyone in management that you or your team should be safe, you’re not … in fact it’s probably the opposite. The only honest answer is nobody knows.

I was also told my team was not at risk, two weeks later, my entire function was handed to a single entry-level insubordinate employee and the rest of us laid off. No one is safe. Nike is not safe. If the pay cut can sustain your life, even as a stepping stone, run and don’t look back. Nike will not recover anytime soon, if ever. If you aren’t riffed this time, next time will always loom.

Nobody is safe.
Accenture makes the decisions.
During our round, Directors and Managers were told we were safe. Our whole group was let go.

Also in tech. Depends on how long you have been there. Historically Nike has generous severance packages. I would take this as evidence that you can find another job, and you should keep refining your interviewing skills and using his practice for a job you really want. You don’t sound very excited about this job. If you were to get laid off, you will probably get 60 days still on your severance start, and then the package will vary based on your tenure. Salaries are depressed across the market so if you can wait it out at Nike for a couple years, I would. You are creating a problem for yourself to avoid a problem that doesn’t exist yet. I’m not saying anyone is safe, but voluntarily taking a pay cut that big just doesn’t make sense. With typical severance, plus the 60 days on payroll, if you’ve already been able to find a job, the chances are you’ll still be able to get an equivalent job in less than that time

nike tech is not safe! unless you're in ITC.

Staying at Nike is the biggest risk you can make.

It is an employers job market. Offers will likely be lower. They also know that you are working at Nike and are facing layoffs.

• Can you live on 30% less income? If yes, you should be saving at least this much right now.
• How secure is the new job? If the economy tanks will you just get laid off there because you don't know enough to be of value?
• Are you really secure in your current job? How do you know this to be true?

I firmly believe that the global economy will tank soon. It is a toss up which way you should go. There are no guarantees either way. If you stay at Nike I would be saving that extra 30% to give you some cushion if you do get cut.

Depends on the new company and how safe that is too. Depends on what skills you are hoping to gain.

I truly believe nothing is safe. This is what happens when you a company needs to scale down. Even in GT- where we may not experience the first-next round, we will likely experience the second or third. My role may be needed for about a year until HR and GT Lt decide my role can be done by someone else in phk or eliminating it.

This is the nature. If the new job is in an industry with better outlook- then maybe that’s worth the risk.

Best Of luck!

Only need one year to keep the sign on bonus

The ones being told they are safe are the ones that are having their leadership cut along with their teams.

Who told you that you were safe?

Guy on my previous team said we were safe before the May layoffs. He and three others were let go and the entire team broken up and moved to other teams.

Nobody is safe.

OP here. I also have to supposedly give back by sign on bonus if I leave since I haven’t been here for two years yet.