Thread regarding Nike Inc. layoffs

What have we learned so far?

  • Criteria for layoffs? Hmmm, I am not sure about that one.
  • What’s the point of layoffs? Not sure about that one either. Well, beyond C-suite and shareholders skimming the cream.
  • What’s the credibility of leadership, how are they handling this? None and bad.
  • What’s the vision for the future of Nike? To answer that one we have to first come up with the clear meaning of the word ‘vision’.
  • Why RTO? Because this is such a creative company humming with positive interpersonal energy, huddling together makes us geniuses.
  • What’s our motivation to work harder? I am outta here when the first opportunity presents itself.
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| 1422 views | | 3 replies (last March 5, 2024) | Reply
Post ID: @OP+1roU1f6w

3 replies (most recent on top)

I’ve learned it’s all about cost. My functional leader said it twice when pressed. There is no strategy to it. It’s purely a cost cutting exercise. That’s it.

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Post ID: @opj+1roU1f6w

The surprising part for most people is how sh---y this is being executed. While there isn’t a great way to reduce your workforce there is a way you should NOT do it. Losing six months of productivity, destroying company morale, obliterating confidence in leadership all in an “make or break” Olympic year is d-mb. All people get from their leaders is “I know this is a difficult time and I will let you know as soon as I hear anything” Which means our leaders are lying OR it’s as bad we think and they don’t know what’s happening.

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Post ID: @rha+1roU1f6w

So far it seems like they’re laying off visionaries, people leaders, business minded, and those who embody open, transparent decision making

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Post ID: @dyz+1roU1f6w

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