Now you can replace everyone and nothing will change. That’s why they are fumbling around. They managed to destroy what made Nike a Nike, and whatever they do now will not make real Nike come back. Layoffs were just plain stupid and didn’t change anything, but managed to shed people we may actually need if there ever again is a chance for recovery. Time to move on, I guess.
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Nothing new. Every decade some executive gets the brilliant idea to offshore everything.
Company stops working smoothly, disconnected leadership continue making cuts, things start breaking across the company all at once, sales drop, Wall Street gets involved, leadership finally are affected by their decisions, Nike then spends 2x more than it “saved” rebuilding entire departments.
I’d guess we’re approaching the bottom of this decade’s curve. But we have more South Asian leadership than ever before. We might need to hit $60/share before they wake up this time.
I think you meant to say we used to manage down and now manage up?
Long time employee here. The culture is gone and started about 10 years ago and just fast paced the past few years for many reasons.
Every new leader in my area, which is huge, has been there less than 5 years at all higher levels.
Every lesson learned, process created, and Nike passion is absolutely gone. We used to inspire, promote from within, and talk like we’re human at every level.
We’ve turned to fear and stress to enforce progress. We also used to “manage up” and now “manage down”.
A lot of us saw this happening from the sidelines and knew it would happen eventually with generational change as that’s natural, but never expected this so quickly.
I will continue to work the same as I always have with passion but it hurts to dedicate decades of heart and soul only to watch it fail so quickly. People ask what it used to be like and it’s hard to explain. But in the end, what changed is people.
But but but “winning isn’t for everyone”
Who’s they?
And what is it that made Nike Nike?