#question

I know there’s a lot of frustration about the layoffs at Nike Corporate, EHQ Tech, and recently Converse, and I’m hearing there may be another one coming in Tech. Layoffs are always tough on people.

But an honest question after 3000+ roles were eliminated, what major capability actually stopped working or broke? It feels like most operations have continued as before which suggests there was significant organizational bloat that likely needed to be addressed.

Ultimately, growth will only return when the product lineup improves. Not by avoiding layoffs.

Any other tenured SMB reps on here also seriously missing the vibrant and fun culture of old? Completely gone at this point and morale at all-time low. Quality of management also at all-time low, zero value provided day-to-day beyond pipeline review and “let me know if I can help”, and just an overall toxic environment. No wonder so many reps have left on their own accord over the last few years.

For unlicensed role, anyone know of cases where Schwab has terminated on criminal charges such as misdmeanor? or do you have one and you're good?

Anyone know why?

How is this business holding up ?

Those of you that are RTMs. Did you get additional stores added to your territory or smaller or did it stay the same?

for example if you are given 2 months, would the current month be normal payroll and then the next 2 months would be the payment?

Did anyone get it yet ?

What is Nike planning for Converse? Over a hundred people laid off a month ago and technology cut 2/3 of staff. Moving it all to Beaverton?

A few weeks ago, I mentioned that 3 out of 4 Lead-level team members resigned after bonus payout. Today, the fourth Lead also resigned. Additionally, another less senior team member has resigned as well.
Who is next?

When will the next action take place and what will it be?

What do you think?

My vote is Yes, again.

Is anyone getting approved to work remotely in Target Tech?

I'm in risk and I have contacts across sites and functions and I didn't hear anything about any layoffs today. I know that means nothing but usually I hear things. Anybody else?

Off topic observation - why does my Workday Electronic Personnel File have multiple years of pay vouchers? Seems unnecessary and who has access to this? Can my manager snoop and see how much or little I've made in the past, how much I withheld in taxes or for my 401k? These files are PDFs of the entire calendar year of pay stubs.

Don’t you find it amusing how long Naga writes his weekly novels? Who reads that stuff anyhow?

News isn’t reporting much. What happened? Was anyone there today that knows?

I got laid off recently. They sent a letter saying my last day is 8 weeks from then and $k amount as severance. I’m getting paid for these 8 weeks, at the end of 8 weeks do I get $k mentioned?

Anyone know timing on bec/snack merge? Bev has GMAS -is that position eliminated? What about admins? So much work going to Mexico

How do you stay committed to learning why you need to do well in your job when you know you could be surplused at any time — and it can all feel pointless?

This seems like a rumor or trolls on these boards

What can a director expect to get as a severance package?

Hearing that Jeff’s org is going to get hit Tomorrow.

Did anyone start getting 15 mins invite? If yes, then which VP under Jeff Simon?

Heard about FTE layoffs in STS around March / April. Is it true?

Parked at Eagan this morning for the first time and some woman came out blathering "You can't park there!". New employee, what do I know? I laughed at her and went to do the job I was hired for. Went out to my car to go home and there was a typed form letter about not parking in unassigned areas or something to that effect. Tore it up and drove home. Not really bothered by it, but people here are pretty uptight. Oh, well.

Looks like a wave of layoffs hit CDO Friday, EOM. Lots of people gone.. :(

Why? How many are next?

rumors have it the stock market is set to let loose with the bottom falling out around 20%+then on 3\17, there is a hearing in nyc involving the former CFO, President, and ExVp of Sales/Marketing^^the heat is being turned up on fmr associates & looking to split their firm & turn each other on themselves. Nomore unjustenrichment you say ?

Anyone have insight to this?

Like SWE II-III type titles.

Did you know you can sue Wellsfargo even after signing the severance package? You can still sue them even after few years later. You can report misconduct to EEOC anytime you want. Document everything and protect your rights.

Can anyone confirm with certainty?

What happens if a group’s designated PIP guy quits by March ending? They pounce on the next innocent guy?

Got it for the first time. Will I be put in a Performance improvement plan? Or will be let go soon?

Just saying Q4 is too vague. I can’t handle feeling unsafe for 3 months.