Thread regarding Nike Inc. layoffs

How is the severance calculated?

I know it depends on your job grade and tenure but does anybody know how to calculate it for grades 45 and 50? My partner and I are trying to figure out where we will be financially if we lose our jobs next week.

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| 2924 views | | 12 replies (last April 22, 2024) | Reply
Post ID: @OP+1s9V2n0t

12 replies (most recent on top)

@cde+1s9V2n0t Grades 45 and above are still people. They still get anxious, still need to plan, etc.. way to be dismissive though when it's Nike ELT that's doing this to you.

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Post ID: @1pnu+1s9V2n0t

4 weeks per year is probably what the ELT network got. There’s been no promises made that the packages are balanced or fair.
And plenty of rumors that they’ve been tilted in favor of pets that have only been here a few years.

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Post ID: @1pum+1s9V2n0t

It’s $1,000,000 minus your employee number. So if your employee number is 505111 it would be 1,000,000-505,111. Then divide that by how many inconsistent or below ratings you have had during your tenure.

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Post ID: @1ozu+1s9V2n0t

@lqf+1s9V2n0t Definately not 4 weeks per year. It goes in blocks of years (Eg 2-4, 4-6, etc )

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Post ID: @1shi+1s9V2n0t

Agree with @cde read the room. Anyone with stock options won’t be worrying about they are gonna pay rent or afford childcare.

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Post ID: @zfk+1s9V2n0t

@jpq+is9v2n0t thankyou so much for your response.

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Post ID: @xdy+1s9V2n0t

If you and your partner both work for Nike and are 45 and 50 grades, how you’ll be financially is still very, very wealthy.

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Post ID: @cde+1s9V2n0t

@dgp+1s9V2n0t you can look at your information in Workday to see your job grade

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Post ID: @jgq+1s9V2n0t

Curious for different grades as well. 35?

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Post ID: @ekd+1s9V2n0t

How does one even know their grade?

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Post ID: @dgp+1s9V2n0t

For Grades 45 and above 1 year service = 8 weeks severance. After every one year of experience additional 4 weeks.

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Post ID: @lqf+1s9V2n0t

No freaking clue. Hope this helps

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Post ID: @bds+1s9V2n0t

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