Directors, Sr. Directors, VP and Above. Fake leaders, No One Trust You. FU!
The recepie
At Nike, we let go of high performers, researchers, hard workers and whoever dare to think differently. We do CFE not based on performance but based on how the person look the part and kisses a-s. We also do not innovate! In fact we lay off... — read more
Start looking for job NOW
It is hard to believe there will not be any more layoffs this year or next year. Start updating your resume and look for job now while you still have the leverage. I remember asking our VP if there will be any layoffs in 2023 or 2024 and he kept... — read more
Notice how…
No one is buying the dip.. stock price basically unchanged since the big drop… Wall Street thinks the price can get even lower. no one expected to bounce all the way back to the 90s, but typically there would’ve been some clawback by now we have... — read more
Misclassification of Independent Contractors
Does anyone know if there is still an ongoing investigation into the misclassification of independent contractors?
The list of laid off positions was posted
On July 1 Nike filed the list of eliminated positions on the Oregon WARN website. A few things that stood out to me: Many Senior Director and Director positions were eliminated. I didn’t count but it looks like about 20+ VP’s also got the boot. ... — read more
Diversity Increases, Revenue Drops
Around 2017 the key HR initiative was the retirement cliff at Nike. The first generation of leaders would be retiring in the next ten years and we needed to develop the future leaders. Then JD came in and fired the leaders and their successors... — read more
Nike became any other company in corp US
Its sole purpose is to be a cash cow for C-suite and to conjure stock value for shareholders. These days it's always a short-term affair. The more money you can extract in the short-term, the better. Layoffs, cuts, reorgs - they all happen just for... — read more
Insurance canceled June 30th
Anyone else go through April layoffs, be told your insurance would continue through 12/28 and there is nothing you need to do only to have their insurance cut off on June 30th? WTF
Fire MN from NSRL
The fish rots from the head!
Dearest Gentle Reader (2)
Dearest Gentle Readers, After a brief, albeit necessary, hiatus—during which I have been privy to the most delicious banter in the most exclusive of chambers—I return with tales that will set tongues wagging and eyebrows raising across the kingdom... — read more
wonder how meetings between MF and HON are like?
given how he sh--s all over CDA and she's the architect of it...
Nike culture
Nike has a culture problem, and it’s been festering for years, well before JD took the helm. This isn’t just a blip; it’s a systemic issue. The upper echelons of management are a cesspool of nepotism and cronyism, propped up by an old boys' and... — read more
What would you do to save Nike?
Since everybody here seems to think they’re CEO material, then prove it. What would you do that's different from what’s being done right now by those currently at the top and why do you think that would bring better results? I’d honestly like to hear... — read more
Swoosh credentials no longer valid. Need to return items.
Any thoughts of how I can return items in the physical store now that June 28th has passed and my Swoosh credentials are invalid? Will they accept the "we just received your order" email even though it doesn't have barcodes?
Key Events
Correct me if I am wrong, pile on and expand if needed, here are 4 key things I am tracking, let's say this is last 4 years: March 2022 - Global supply chain issues slashed Nike's profit margins. September 2022 - Nike overbought inventory to... — read more
It's depressing to see a company spiral toward rock bottom like this
Just think of all the wasted potential in the last decade or so. We were at the top once and now we're getting closer and closer to rock bottom. It's almost unbelievable how things have changed in such a short time. All because of the greed of a few... — read more
I do not trust you to enable the chat feature but you must trust me with your life!
You know "trust" and "communication" are ruined when leaders need to disable the chat!
How do you think this ends?
I can't image the BOD putting up with another 6 months to a year of dismal gains. I give JD a max of 6 months but I can't image anything positive happening in the next 6 months either. He's dead man walking, lame duck, who replaces him at this... — read more
The only thing I’m sorry about is not being laid off during the last round
And I sure as he-l hope the next one catches me. Want my severance and to be gone from this mess.
Time to Unionize… or layoffs continue and stock hits $50/share
The time is now. JD can’t lead us competently. Here are 3 steps we can unionize to save what’s left: Step 1: Organize and Build Support Form an Organizing Committee: Gather a small group of trusted colleagues who support the idea of... — read more
Two retaliation lawsuits
So we all know about the one with RL and LJ, not to mention the ongoing SEC investigation for SOX violations… But now there’s one for... — read more
Is there a company that does employee comms worse than us?
You know that old line "never let them see you sweat"? All I ever see from them is the sweat. I'm the furthest person from the communication team, but it just feels like they operate in a way that's either terrified of or dismissive of employees... — read more
JD/KW: If you have to disable chat for your meeting, maybe that means the meeting's a bad idea?
I don't even disagree with the choice. I'm feeling raw and might've said something harsh. Because of the SLT's bad decision making, I might need to rethink what college my kids go to. So, yeah, I'm pi---d and need to process this. This concept really... — read more
The street says Nike has become dull and uninspiring
And instead of bringing in innovation leaders, unveiling design trends, teasing ways we're trying to connect to a younger market..... JD brings in our CFO to tell us how our financial statements say we're still cool.
How are the peg and vomero going to lead our innovation?
Head scratcher…..
All Team
Cannot believe we had to listen to that bs and neither of them are leaving. Unbelievable
Learn anything new?
Or different day, same bs?
Morale is high in SEC…
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHALOLOLOLOLOHAHAHAHA
Who was invited to the year end wrap up meeting in person?
I did not see any invitation for us ordinary folks to join us in person. What privilege does one need to have enter these rooms and be part of the carefully scripted chat? :/
If I have a penny every time they say new/newness in these calls
I will be ready to retire.
More Lies!
Fire these a--holes!
Dump These Losers
Too thin-skinned to even face their own employees live to talk about the business. “Previously recorded” in front of a curated “studio audience” with pre-screened questions and the Zoom chat disabled. And then having the nerve to call it a “fireside... — read more
Selling Nike products
May be controversial but as someone who is laid off and does not have lifetime discount benefit, may I sell my existing Nike clothes and shoes? Is there anything that says I cannot? I bought a serious amount the past years because I was going to wear... — read more
Will JD leave??
Hoping the announcement reveals his departure & MP returns. One can hope.
Reorged into a great company
Reorg conducted by our competent and visionary leadership reshaped us into an efficient, growing, creative company that’s now so finely tuned that everybody’s potential is fully realized. We are now bursting with ideas and operating as a well oiled... — read more
Cheers to more drop in stock price this week!
I have invested heavily in Nike stock. Don't get me wrong but after how tgey treated my colleagues, cheers to more drops in their stock price!