Look at Nike’s stock price over the past 50 years. There have been ups and downs, but nothing compares to the decline since 2020. The five-year downward trend is crazy. It’s hard not to see this as the point where Nike went off the rails... — read more
Severance payback?
Is anyone actually required to pay back severance if they get hired at a new company? That’s how the contract reads as to me
More cuts coming soon
The rumors are getting louder about another round of cuts, possibly starting next month. Does anybody have any concrete info about it or should I just not worry just yet?
Every Company Has Its Reckoning
There’s a journalist quietly speaking with former Nike employees about their experiences during the John Donahoe era. If the reporting is thorough, the sources are credible, and the facts can be independently corroborated, it could become a very... — read more
Culture concerns in Nike Sports Marketing
Has anyone else noticed or heard about ongoing ethics and leadership culture issues in Nike’s Sports Marketing group? There’s been significant turnover at the senior levels over the past couple of years. Some current and former employees are saying... — read more
The survivors aren't lucky
Months after my team was affected by layoffs, I'm still the one doing most of the work of those who were shown the door, with no extra compensation. If I'd been laid off, at least I'd have severance to live on while I looked for something else. This... — read more
Avoiding me like the plague
My manager is suddenly avoiding me. I don't know if I did something wrong or if he knows something I don't. I tried to talk to him but he keeps finding excuses. How bad is this? Should I start applying?
Confirmed: Supporting Function layoffs
Hot off the presses. Not really the presses; I found this out by accident via a careless senior employee. I’ll leave it at that. Supporting Functions (Finance, HR, Legal, Gov. Affairs, Administrative Services, etc.) will see a RIF action. No... — read more
33 NA Nike stores closed this week
No one notice this? Only covered regionally where the doors closed, but seems like a big deal.
Light at the end of the tunnel
Former GT’r here. After over a decade at Nike and getting caught in last April’s layoffs, I finally accepted a new job offer this afternoon. To my ex-coworkers still in the trenches—carrying triple the workload due to leadership decisions—I see you... — read more
Adi Sambas = Proof or the Marketing Fiasco known as CK
Over the past 5 years, the share of American legacy males under 40 wearing Adidas Sambas - or really, anything aligned in direct opposition to CK's explosive 'fro - has gone from 1% to 99%. Whomever thought the 'Believe in Something, Even if it... — read more
Speak up ANONYMOUSLY
Don”t speak up unless you do it anonymously. Keep records of everything and document! dated, times etc. Then if nothing changes OR you start to be treated different because your leader knows you are the one that filed the complaint then file a claim... — read more
AC leaving...
So AC is leaving. And VA consolidating power under him and empire building by adding VPs under him. Honestly though what were ACs accomplishments? Heck what were his R&Rs? I never really understood what he did.
When will severance and PSP be paid out for the employees laid off in April?
Following up on severance and PSP for the April layoffs — do we have a payout date yet?
CS coming back
Coming back from GC already, I heard they are in line to get a new C suite role in HQ. That was short lived in GC! I guess that’s why they never updated their LinkedIn.
Friendly reminder….
Accenture su-ks
High-Performance Culture
Finally! We’re heading in the right direction
Layoffs coming or just the rumor mill?
Annual mass re-org/layoffs rumors actually have any traction or are we jumping the g-n?
concerns regarding hiring practices and vetting gaps
I want to flag a growing operational risk regarding Nike's recent workforce changes that warrants leadership's attention. While experienced technical professionals are being impacted by layoffs, we are simultaneously integrating non-IT profiles into... — read more
New CFO
Hired to control costs and recover margins for Nike. You all know what that means, right?
Psp date
When do we receive PSP need to buy a couple of shoes for my kids at Nike store
Rumors Rumors Rumors
There are a lot of rumors going around about layoffs and restructuring. I’ve asked a few leaders if they know anything, and they’ve been pretty firm that there’s nothing currently being discussed. At the same time, rumors usually don’t come out of... — read more
Summer vibe
Are people taking time off this summer? Or will they take that against us for the next go-round?
Final paycheck vs severance pay
I see my final paycheck in the ADP site (for July 10 pay), but it does not include the severance pay. I guess this is paid separately. Does anyone know when that will be paid?
Review Rating Question
Default Rating: Far Exceeds Expectations Actual Rating: Achieves Expectations Override Calculated Rating: Yes Anyone know what this means?
Partially Meets The Door.
From conversations I've had, it sounds like the company is still working to align spending with current business realities. One of the innovation leaders I respect shared that August and September are expected to be particularly challenging as... — read more
Annual pay adjustment
Is the max for “Exceeds Expectations” truly just 4%?
On the bright side
What do we think about Ja in Portland. Maybe Nike gets some mojo back
Severance
Hey all. I was separated on April 24th. Last day June 27th. I can’t seem to find when severance will be paid. Anyone here know? Thank you.
Trapped in a doom loop
Management only seems to know how to cut costs. They can't grow the business, so they just keep trimming people. But that approach is making the innovation problem even worse, which brings us back to square one. They're stuck in a pattern they can't... — read more
Happy 4th y'all
Is this going to be Nike's independence day? Check out the unforced error discussion here. Come on marketing and merchandising leaders... You can do better! Will we ever learn and improve? No one at the top echelons ever pays for their mistakes, do... — read more
Who's celebrating today?
Make it work folks, this is our rare chance to let go of this wretched place and relax and enjoy with our family. Tomorrow, it's back to worrying about our jobs.
APLA gone by September
You heard it here first! Grouping the ROW together simply doesn't work! New Geo Structure; North America / Latin America - VP, TP - HQ: Beaverton and Mexico City Europe / Middle East / Africa - VP, CG - HQ: Hilversum Greater China / Asia Pacific -... — read more
Nike and Wall Street
Why do we keep seeing these bull headlines for Nike with nothing to back it up to show that they can do it. This says Nike could have a 40+ % swing my July of Nike year. What are you... — read more
Laid off from nike a few months ago. the layoff wasn’t even the part that hurt
I actually believed the “nike family” thing. treated coworkers like friend not just people i clocked in with..that’s on me for being naive i guess but the people who still have jobs there? spineless. i sat next to these people for years covered for... — read more
Paid COBRA Option?
Has anyone taken the Nike paid COBRA coverage? I signed up for it today but it's alarming that in the Wageworks system it says "participant paid" and I'm on the hook for a $2400 monthly bill to cover everything for the 4 members of the family. Are we... — read more
you’ll never guess who I just saw on West Campus 👀
I just saw into CR on West Campus and low‑key freaked out. He used to be one of my favorite tech leaders before he moved into that executive role in sebcoe amd then left us for a big tech company. Do you think he might be coming back?
NkE Market Cap Shrinks to 1/5 its Value in 5 Years
Nike Inc NYSE: NKE 42.38 USD -117.37 (-73.47%) past 5 years Jul 1, 1:11 PM EST The USD in real terms is 24.3% less valuable in that same 5 year period, which means NKE market cap has collapsed to less than 1/5 its value 5 years ago. "Believe in... — read more
Seems like Nike turned the corner according to Wall Street
It is reflected on stock price this morning. Wall Street let bottom feeders to clean up the Nike stock pessimists and they are moving in!! There is nothing but happy days for Nike stock. Hurray EH! Keep him