https://www.prweb.com/releases/whistleblower-lawsuit-seeks-justice-for-nike-rising-star-who-refused-to-remain-silent-about-the-misdirection-of-2-million-in-shareholder-funds-under-false-pretenses-302187627.html
Q for those seriously looking for another job
I decided during layoffs to leave at the first opportunity. Designer. It doesn’t look promising. I found some openings in smaller companies, but the job market overall seems very tight. What’s your experience? Any advice?
The leadership is completely out of touch
They are out of touch with employees, out of touch with customers, out of touch with Wall Street, basically, completely out of touch with everything. Can somebody please explain how any of them still have their jobs? What do they need to do for... — read more
How did JA get a CDO position?
No sign of wondrous competency on MD's latest hire as head of data, JA. How can we help this company?
operations rotten apple
https://www.prweb.com/releases/whistleblower-lawsuit-seeks-justice-for-nike-rising-star-who-refused-to-remain-silent-about-the-misdirection-of-2-million-in-shareholder-funds-under-false-pretenses-302187627.html RB you're everything we know you to be... — read more
Bonus payment
Please no hate. This is my first year with Nike. When would we receive bonuses?
Impacted folks check your RSU accounts
For those of us impacted in the latest round check your RSU accounts. The “End of Employment RIF Stock Treatment FAQ” document is pretty clear that all RSU that are not “Retention Rewards” with a vesting date within 1 year of layoff date will... — read more
Sustainability?
https://www.propublica.org/article/nike-layoffs-sustainability-climate-change
Sustainability?
https://www.propublica.org/article/nike-layoffs-sustainability-climate-change
Nike is dead but it just isn't aware of it yet
The leadership, products, innovation, and people are all a disaster - and even the brand itself has lost its luster. This is not a company that fell into a slump and is waiting to wake up and take its rightful place again. This is a company on its... — read more
Laid off recently
I started looking for a job while still at Nike. Landed a similar type of job in a small, solid company. Pay is comparable as well. However, I work with a bunch of creative people who actually enjoy what they do. I don’t know how it will work out... — read more
I bet TCs next CEO then
As this new email from JD.. I'm personally excited. He seems best fit to be the next CEO.
Severance
Question for the round 1 cohort. How soon after your last pay check did you receive the severance lumpsum?
what's the deal with Adobe?
It has been mentioned several times. What is the deal with this and what adobe packages are we talking about? Just curious
Nike was a brand and marketing company first and foremost
Nike was a brand and marketing company that convinces customers to buy cheaply made shoes and t-shirts at premium prices. Occasionally, some smart folks would help to make step changes to athlete performance. Along the way, they drank too much of... — read more
Nike Layoffs: all you need to know about its financial challenges
The sportswear and footwear giant is in serious trouble. Nike is currently navigating some significant financial hurdles, and the impact is being felt at all levels of the company... — read more
So what’s the deal with this 30-year vet coming out of retirement?
TP coming back as VP of Marketplace Partners…
it feels like Nike is just buttering us up and hoping we forget how stale things are”.
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up... — read more
What happened to the NFT shoes? And what about the Metaverse?
We invested millions of dollars, long hours, and lots of marketing material into these sinkholes, and nothing has come out of them Mr. Accountability hasn't said a word since last year. What happened? Why more investors aren't asking these... — read more
Kick in the a-s out the door
Imagine working for 20 years and gathering up thousands of stock options, then getting fired to increase diversity and having to sell all those options for $70. All the leaders who created this company have to sell within three months at the lowest... — read more
Good to see the grand strategy of cuts and layoffs is working out
No surprise there if they’ve been a purpose in themselves all along. Letting go of talent, not having an idea what to actually do with a leaner company, not having an efficient reorg, having a lot of downtime or people overworked (to what end, if I... — read more
Iconic sports brand Nike deals hammer blow to executives in massive layoffs
Sportswear giant Nike laid off more than 200 vice presidents, senior directors and directors in the latest round of cost-cutting measures. Nike continued with another round of layoffs, removing 732 total jobs from its headquarters in Oregon... — read more
Donahoe, where’d you go wrong?
Yo, Donahoe in charge, Nike's CEO, Five years in the game, got nothin' to show. Stock fell 20 percent, history’s greatest decline, Q4 earnings call, disaster on the line. Innovation, innovation, that’s all you ever say, But where’s the master plan?... — read more
Is anyone happy? Or even try to be?
I have to say it’s a little disheartening reading all of these posts. I have been unhappy with business decisions but at the same time I’m very thankful to have a job and a really nice place to work. I wish there was a little more balance here vs... — read more
Stock down to $73
HAHAHAHA FU!! Hope you’re enjoying your bonus and your raise.
Would you like a SMALL or double XL?
Let me preface this by saying, I'm sorry. I just walked through Nike CHI. Our (I still feel like I'm part of this) execution was horrible. We moved consumers to a DTC model. Great! NOT. As a consumer - if you have a body - I should have no issues... — read more
We have a product problem and look who is leading product?
HON !! the mastermind of the failed DTC strategy.... our issue the product. newness, innovation, etc. she's going to fix the product???? you need people who live, breath, sleep the PRODUCT. HON is not that.
This company insulates id--ts as leaders where as people who can make changes don't survive
Drain the swamp
I want out, but I can't decide between waiting to be laid off or quitting
On the one hand, waiting to be laid off means getting a severance package and collecting unemployment, but it also means a lot of people will be competing for the same jobs at the same time. On the other hand, if I quit, I can get ahead on the... — read more
Dear John
Dear Mr. Donahoe, I am writing to express my deep concern regarding the recent developments and strategic decisions at Nike, Inc., in light of the company's worst trading day in history, which resulted in a $28 billion loss in market value. As a... — read more
SEC MANA
Now that the program is live.. how do people actually feel? Did the business get a system of bugs with slow performance or was the shiny new thing actually a blessing which will help the business grow quick and fast?
DEI haters
I am guessing there are 3 or 4 of you. D-mb as he-l, and repeat to blame the issues on DEI like if that will make it true. Just want you to know the little value this place could have, you are stealing it. You said it already en most posts, so... — read more
Tell us your wildest Resilience story, I’ll go first.
They knew all about AC and her son running the biggest reselling operation in the country, but did nothing about it until it became known.
If you have a body....
If you have a body, you are an athlete!, If yoy have a pulse and a warm body, you can be Sr Dir or even VP here at Nike! We do NOT need any leadership skills or any prior training or experience in leadership!
Bonus calculations
I was comparing notes with other team members and it seems there’s confusion about bonuses this year. To my knowledge the bonus structure this year is new and different from last year and makes our earning potential based on band level less than the... — read more
Nike Supply Chain Team
What happened since Sprunk has left? All of a sudden a super diverse team of non athletic supply chain leaders took over and consistently focuses on logistics and knows nothing about footwear manufacturing! No wonder we can’t innovate in footwear... — read more
Nike isn’t cool, turn it around
To all the talented people: turn things around The brand lost it’s cool.
How did MD get a CTO position?
OK folks I am genuinely curious... I do not see any tech background or any product background in her previous experience. Also her PhD is in chemistry..? I am just curious how people make these moves or like when interviewing candidates, how Nike... — read more
Leave VPs, SDs and Ds Out of This
They don’t do anything and have no control. Be nice to these people because they’re literally swimming in the same unknown chaos as you.