Topics regarding layoffs at Nike Inc.

Topics regarding layoffs at Nike Inc.

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 

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

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 

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 

by
| 1420 views | | 9 replies (last July 3, 2024)
Post ID: @OP+1tjZNY4U

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 

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 

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 

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.

All Team

Cannot believe we had to listen to that bs and neither of them are leaving. Unbelievable

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 

Start a new thread - post a news comment, question or message:

: