Bloodbath round 2 will hit. Nike will call it optimization by reorganization in order to increase speed and flexibility. It isn't. This is straight overhead reduction because Nike isn't a growth company anymore. Rumor is that 1200 people will be let go. Tenure no longer matters. Good luck.
10 replies (most recent on top)
What is 'the week of AF'? AF?
Aug 15 is round 2.
September brings a third round of layoffs.
So...Confirmed it will be August 15th and August 15th only?
What is WD+C?
Aug 15 is round 2. Round 3 will be in September sometime.
Confirmed. It will be August 15.
"Divest to Invest"!
RIP WD+C.
Why would they pick the week of AF, that doesn't really make sense.
Same here - I am hearing the same rumor. Good luck to all, I hope it's not true.