Calling it now…. Quiet layoffs will continue then mid FY25 more layoffs will be announced when the company realizes that the Olympic year bump wasn’t realized, that Jordan brand can only grow so much, so far, and that the 10 year wait for the new enterprise system is a clusterf.u.c.k. .
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1nsm+1tfIRL58 NSRL is rotted. Letting go of principal researchers just so they ooen position for another principal? wtf
In Innovation they laid off knowledgeable researchers each round, only to rehire someone far less competent because of who they knew upstairs. Then they got to hire yet another person to do their job. It’s completely self preserving nepotism through and through.
NSRL is full of these ops team who show up at 10 am with their coffee, plan a lunch party with their besties and by 3pm you can find them in the gym!
I lost 10 colleagues in February and most of them were high performers with busy workloads. No one has been able to fully pick up the slack, even though there are people on the team who literally do nothing.
One person waltzes in with their daily Starbucks at 10am every day. After loudly talking to coworkers for 30 minutes, they log onto Slack and post on the various social channels (not work related). By that point, they are exhausted and it is time to rally the troops for the daily two-hour, off-campus lunch. They also regularly miss deadlines and are late for nearly every meeting.
And yet, they still have a job because they’re friends with the department director’s wife.
Unless Nike is willing to actually lay off low performers and nepotism hires (unlikely), the product and culture will continue to suffer.
Let’s be honest here.
Everyone reading this post knows someone who does very little actual work, and possibly no work. There’s a person on my team for example who makes more than $200K/year and literally does nothing. He’s a figurehead. Nothing more.
Nike has no shortage of people like this. This company is bloated with overpaid people who do little if any real work. How come Nike doesn’t identify these people and get rid of them?
I’d like to see Nike tell managers, “In 90 days your team will lose 10% of its headcount. Across the board. No sacred cows. You’ll still be expected to deliver, so choose wisely. Because if your team’s results flounder YOU will be the next person gone.”
Get rid of the dead wood. There’s a lot of it.
No one will ever feel safe there. I was worried for an entire year then was let go. Honestly, I’d rather not continue to work there and always be afraid.
Next round is end of July with those to be notified during wellness week and then last round before new re-org announcement end of September.
Nike has a PROFIT problem.
Layoffs will absolutely continue and likely dwarf the last round. Nike is bloated, revenue is not growing, no possible way to reduce cost as operations are a complete mess. Stock is tanking the only way to reduce cost is by cutting heads likely 5-10%. Better start burying your nose in the as* of the nepotism or as* kissing crew now. Start throwing your teammates under the bus & take credit for everything.
Nike has a revenue problem, not a cost problem.