Thread regarding Nike Inc. layoffs

SLT Execs have Bain Consultants Reporting to them

check the org charts in Workday you will see Bain consultants reporting directly into the CFO and the CSO as well as other c-suite at Nike. This is free for any employee to check...

Why do they have external management consultants reporting into them? Is this hints of more layoffs to come as we know that Bain orchestrated these previous ones.

JD is former Bain consultant... Are we being setup for sale to PE??

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| 1641 views | | 7 replies (last September 9, 2024) | Reply
Post ID: @OP+1uoTnAzA

7 replies (most recent on top)

This grinds my gears. I was in a meeting and someone presenting mentioned how they used Bain for a VERY SIMPLE STRATEGY ANYONE DOING THE WORK COULD HAVE COME UP WITH AND MADE IT BETTER.

In my 11 years here and surviving CDO, CDA, and whatever the F phase this is, they always F things up instead of make it better.

I know this rant won’t change anything.

I don’t trust our leadership. I don’t trust VPs nor do I care to su-k up to them like some of you still do.

I hope I am a good leader to my small team that’s been through the wringer, earn enough for my family, and keep my mental health sane

I highly recommend anyone looking for career advancement, look outside

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Post ID: @2ikm+1uoTnAzA

PHK ain't selling Nike to a PE firm. Nike has used mgmt consultants for years. Easier for leadership to lean on them to make tough decisions. If it fails, blame the consultants. If it succeeds, take the credit.

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Post ID: @2via+1uoTnAzA

A sale to PE is on the table. That’s how the knight family cashes out and forces sale because they own all the class A stock and therefore majority of the board seats.

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Post ID: @2eai+1uoTnAzA

I thought we were in cost cutting mode? The last time I engaged on a project Bain was on, we were paying them north of a million. Guess it's cheaper than keeping people who actually know footwear and apparel to turn things around.

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Post ID: @1aat+1uoTnAzA

I hate seeing them on campus. You can tell who the consultants are by how they dress and walk around

Should probably give access to our gyms so they don’t look so

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Post ID: @1mpe+1uoTnAzA

It has been this way for 6 months.

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Post ID: @1gwe+1uoTnAzA

So?

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Post ID: @1ubc+1uoTnAzA

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