$2 billion in cost cutting this year by way of layoffs and JD/c-suite continue on.
Love all the accountability.
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Ha, Ha, Ha, the "buybacks" are nothing more than a shell game to transfer stock options to the c-suite. Sheep!
Agree, all this for couple of billion. When they are churning cash Q after Q. Could have been easy cuts on AWS/Cloud/SW Licensing Costs and call it a day. Morale would a been up.
Because somehow people forget that they work for the corporation.
The only real goal of the company is to bring value to its shareholders.
If you have no idea where to invest - cut costs and buy back shares while they’re historically low. Earnings per share increase (because there are less shares and more earnings)
The funny thing is that Nike isn’t even doing bad. It’s just not making as much as they projected. The company is very-much in the green.
The stock is cheap. They are trying to make it go up even if sales won’t.