I was in a meeting. The VP confirmed that it will happen by the end of August. No more details.
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Aug 20 Thread
Starting a thread for today, please share your department and how many people eliminated. Good luck!
Global Digital Reorg Coming
Who’s heard what?
What's Sassine approval rate in the last survey?
I heard that Sassine approval rate was low in the latest survey. Can any one share the real approval number?
Nike Free Cash Flow Problem?! Does this explain the office closures and CFO exit?
Nike ’s Free Cash Flow: A Key Warning Sign for Investors
Free Cash Flow (FCF) is one of the most important metrics I look at when analyzing a company because it shows how much cash remains after the business funds its capital expenditures.
For Nike, the recent trend deserves attention:
📊 Free Cash Flow
2023: $4.87B
2024: $6.62B
2025: $3.27B
2026: $2.18B
The numbers tell an important story.
Nike reached a strong $6.62 billion in FCF in 2024, but since then, FCF has fallen sharply to $2.18 billion in 2026.
That represents a decline of approximately 67% from the 2024 peak.
The key question for investors is not simply whether Nike still generates positive FCF, it does.
The more important question is:
Why is Nike generating significantly less cash from its operations?
Because capital expenditures have remained relatively controlled, the deterioration in FCF appears to be driven primarily by the decline in Operating Cash Flow.
This is something I would investigate further through:
- Revenue growth
- Operating margins
- Inventory levels
- Accounts receivable
- Working capital
- Debt
- Earnings quality
- Cash conversion
A company can remain profitable while its cash generation deteriorates. That is why Free Cash Flow is such an important part of fundamental analysis.
For investors, the next step is understanding whether this decline is temporary or structural.
That distinction can significantly change the investment thesis.
Love Island
I recently watched a Verizon commercial featuring Trinity Tatum, the winner of the recent season of Love Island. It’s quite surprising how companies like Verizon are laying off people left and right to create commercials with reality TV stars. This highlights the company’s priorities and values.
O'Reilly announces opening of O'Reilly Auto Parts India "tech home"
This was posted on LinkedIn on 8/18/2026 under "O'Reilly Auto Parts India". If you're an O'Reilly IT employee, does this concern you?
For nearly 70 years, O'Reilly Auto Parts has been helping our customers keep their vehicles on the road. Today, we're building our next tech home in Bengaluru, India, the same way we've always built: through people, culture, and the belief that the best way to grow is from within.
Welcome to O'Reilly Auto Parts India. We're excited for the journey ahead and hope you’ll join us for the adventure.
GEHA UMR
Hearing maybe something at the end of the month. Anyone else?
Seriously, why John Stankey?
What are the benefits of having him represent AT&T?
Is Monday WFH happening?
Keep hearing rumors about working from home on Mondays getting approved. Anyone have any updates?
So TK posted a big FU on LinkedIn
The day after massive layoffs TK posts pics of her family smiling and having fun and taking time to recharge. How nice while the rest of us are struggling and some of us lost our jobs. Want to know why people hate the WF execs? This is why.
Security Being Pulled?
Any locations out there where security has been removed?
Chris flood pact erg advertisement everywhere
This is what leadership and success look like! All bow down to greatness!
Sanctions
meridianhcihcbcbss08142026.pdf https://share.google/edrWyRGq6OLm79a2I
Now they are being fined 1.3 million for Illinois market.
.
PIP ??
I have never seen anything official announcing that a PIP process would be enforced on the lowest ranked 5% in the new performance system.
Where did this all come from ? … or is it all rumour mill ?
Any updates on OQ?
Announcement was quick and departure was swift, any updates on reasoning?
Value layoffs?
Noticing a lot of notices on LinkedIn. Right after their prom too, ouch!
Can anyone see if R-1097892 is an Engr I, 2, Senior, etc.?
External now, but got a job alert about this opening.
Contractors
Well it’s official Lumen has fallen for the contractor vs employee trap. It won’t be long until all CO and Gateways are completely unusable. They leave trash, remove fibers and just otherwise do not care. This is a bad idea.
Convenience
Any convenience reps here? Accepted a convenience sales rep role and would love to hear from someone with direct experience what I’m getting myself into
Personal items.
Did Macy’s recently change their policy about having personal belongings at the registers? In the store I work we can’t have our clear bags at the registers. The bags have to be put in a locker.
Of the 150 remote Merch who were told to move back to Mpls, how many did?
I’m curious what percentage actually took Cara up on the offer to uproot their lives and move to Minneapolis to serve their bullseye overlords
RTO
Anyone moved to Dallas this summer?
Has anyone been asked to withdraw their VSP?
Has anyone had management ask them to withdraw their VSP? I'm curious whether the company has approached anyone about staying instead of separating — particularly people with a September 4, 2026 exit date.
Thoughts on the new SMS President ?
Will SMS deliver on its targets with the new SMS president?
AI bubble about to burst- BNY losing interest?
We have all noticed, including people in neighboring departments, that all the fire and fury about AI back in the Spring has disappeared. Also, many national articles about AI buyer’s remorse and people who were laid off being rehired; many errors with AI; AI not reaping any real benefits. Also- I have heard that part 3 of that AI test has been moved back to next year (the one where they want a 6-page thing). AI=dot com bo-m and bust?
He-l on Earth
He-l would be better than working for this boomer dinosaur company compromised by contractor corruption and Israel.
Come in the office 5 days a week to talk to Indians on teams, so Stankey makes more money when . Soul su-king.
Drained but need to move on
The last month or two my motivation has been on the floor — and I can see the same in every single department here in Ireland.
The uncertainty is harder to deal with than the news itself would be. Just tell us.
I'm hoping PayPal will have the decency to inform staff this month and not keep this soap opera going any longer. If we have no update by the end of the month, I'm going to make the conscious decision to just get on with things — otherwise my mental health will be on the floor.
Let's play!
Describe TR in 3 words
Keep Away
This company is a enviromwnt nightmare hand down
Sept or Jan?
Are others hearing more layoffs in Jan or Sept?
Two Camps
It gets really exhausting to feel the need to post in reply to je-ky type people on here.
I think there are basically two camps of people, those who have lesser positions of control and know just how lousy this company and the leadership is.
Then, you have those delusional folks who because they were graced with being put in some relative position of power make the incorrect assumption that they will never find themselves in the first camp so they defend the company absurdly thinking that their loyalty will always protect them.
Well, news flash to the second delusional camp, you mean very little to the company as well and will some day be thrown away like a dirty used kleenex.
CDW Layoffs
CDW and McKinsey & Company have both faced scrutiny regarding their DEI practices (Diversity, Equity, and Inclusion) and ESG frameworks (Environmental, Social, and Governance), many referring to these programs as "woke," while company leadership defends them as sound strategies. Who is paying the price for these programs?
New fiscal year calendar
Anyone know any new info on this?
Executives Resignations
Drew Asher
Susan Mills
Now this is ancient history but PK wanted to set up NIKE for for eternity
by going direct and dump all the distribution channel who were loyal to them for long time.
And found best possible human being in this world to run company, JD.
The guy has no soul, no imagination, no leadership, no personality and bona fide total a@@hole.
To make long story short, sh-t did not turn out they way PK imagined to say the list.
And not sure if company will be full before he is no longer in this world.
With EH's performance until now, I don't think anything good will come out under him.
Let me just say that EH makes JD look pretty good. LOL
J
CFO ????
The F*** CFO is now holding 20K shares in this company, that is $3M. He has no skin in the game anymore and he does not care. His insider trading pattern shows that he has no confidence in the business. For a company of that size and this behavior of CFO, he has to be immediately replaced.
Typically CFOs hold millions or hundreds of millions in their companies stock.
He is a mo--n that ran the company downhill with teh CEO. Fire both !