Topics regarding layoffs at Nike Inc.

Topics regarding layoffs at Nike Inc.

Relocation assistance?

I have been with Nike for about 2 years now and I cannot take it anynore. I am ready to resign with no job lined up. If I quit, should I refund Nike for tge relocation money?

Nike being sued

If you purchased Nike Class B common stock, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith... — read more 

Why I am here…

Laid off in April. Nike was, by far, the worst professional experience ever had. I come here in this site to validate I was not crazy, but rather Nike is and will always be toxic. I do not want the company to go broke. I have friends there and... — read more 

NIKENRON

“How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.” The gradual phase is already over. The sudden phase starts now. 20% drop means only 80% left to go. The ELT and its more recent additions, especially MM... — read more 

How about accepting volunteer for layoffs?

With the recent re org being handled and executed so poorly and with the 28B loss, it is obvious Nike will cut more people in 2025 and even 2026. How about this round Nike allows people to volunteer for layoff? I personally have not done 30 min of... — read more 

Multi year reset interesting take away from news!

Our key conclusion is there will be no quick rebound for Nike’s earnings,” Sole said in a research note on Friday. “We believe Nike is embarking on what will be a multiyear reset of its business in order to return to healthy top-line growth... — read more 

988,925 gallons

Let us never forget MM’s alternate reality. When our HR leader is this far disconnected from normal, there is zero zero zero chance. She has added significant bloat into the current state of Nike. She is so so wasteful with her faithful inside... — read more 

Nike lost $28,000,000,000 today.

No worries. I’m sure that’ll buff right out. Seriously though, it’s the biggest single day decline since Nike went public in 1980. 44 years ago. I posted on here a month or two ago and said “This Nike slump feels different from previous slumps. It... — read more 

Stock Sale

Resurfacing the head of hr and head of finance stock sale. Even if sale was scheduled and they followed insider trading guidelines, they knew in May that the quarter was not looking good. They could have cancelled sale being sensitive to the optics... — read more 

JD's impact

ServiceNow more than doubled since he was replaced. Nike has lost more than 50% since it's peak.

by
| 610 views | | no replies yet
Post ID: @OP+1tf3OVtk

Don’t forget the rest of the ELT

We all agree that JD is a dud and on his way out he should take some of these clowns with him. HON should help him pack up his office. MM can help bring the boxes to the car. Our also-ran CMO can join him for the ride to the airport and AM can lay... — read more 

Restructuring for what purpose?

Do you have a defined role (in substance, not form), well organized tasks, clear goals, functioning team? I don’t. What’s the game? I have no clue.

Next round of layoffs

Calling it now…. Quiet layoffs will continue then mid FY25 more layoffs will be announced when the company realizes that the Olympic year bump wasn’t realized, that Jordan brand can only grow so much, so far, and that the 10 year wait for the new... — read more 

We knew it all along, didn’t we?

We recognized the problem years ago. We created countless strategy decks and held countless strategic discussions. Yet, no real action was taken, and no substantial change. Why? Because leaders prioritized job security over meaningful action. Who is... — read more 

Slim down

There is lot of Fat in the Tech org. An application team does not need a 1000 people to manage and improvise. It's a joke! It needs to get leaner to get back to growth. All these years of over hiring and keeping non-performing employees who got... — read more 

Wait till Wall Street finds out…

...that we spent the last 6 months doing zilch. …that our Bain-bred CEO botched the “restructuring” …that we fired the wrong people in the wrong departments and promoted the wrong leaders. …that there is no strategy, or at least none that anyone... — read more 

Nike stock

Average daily trading volume is 9.2M shares. This morning it’s already hit the 18.2M mark. 52 week high per share price is $123. This morning it hit $77. The Board and the ELT, are driving this once proud brand into the ground. Product looks... — read more 

Our strategy

If the last 5 years has taught us anything, it should be that companies shouldn’t be paying CEOs 46m in compensation, private jets, private offices with unlimited amenities, etc. They should be paying that money into the actual company to invest in... — read more 

Dude…wtf

The Pegasus is not going to save us. Embarrassing Seeing tech ops party today and post pics su-king up to EC because he’s wearing a red shirt and matching shoes with no guidance in his all hands. PSP is down, raises are s..t and you losers have no... — read more 

Say that again?

“I ultimately hold myself and my leadership team accountable“

Would you rather…

Power hour or take a shot every time “newness” is said? That word is nothing more than a tail between leadership’s legs. When did we devolve from the boldest brand into one that hides behind meaningless words?

JDs CFE - years of FAIL

So John, let’s sit down and talk about your CFEs for FY24, FY23 and FY22. We’ve given you lots of opportunity but you’ve been inconsistent for at least 3 years now. The stock is lower than it was when you joined whilst the S&P has doubled. You can’t... — read more 

Worst sales gains in 14 years

CNBC summed it up well: Nike hasn’t been in this much of a slump since 2009, and it still has a lot of challenges ahead of it: https://www.cnbc.com/amp/2024/06/27/nike-nke-earnings-q4-2024.html I’m calling it now: More layoffs within a year as Nike... — read more 

FY24 Q4 Earnings call S#!T show

What a mess Nike is in. JD is such a bulls#!ter. The stock is tanking 📉. Good luck to us all. The tone of the call was completely dry and tense. Anybody else feel that? Also that the most questions and effort spent by the BS’ers than I’ve heard in a... — read more 

FOR ALL OF THE INVESTORS

WE ARE NOT EXCITED. WE ARE NOT OPTIMISTIC. WE ARE ABOSOLUTELY BRUALIED BY JD. ANY SPEAKING UP WITHIN PROVIDED CHANNELS AND METHODS IS COUNTERED AND SHOT DOWN QUICKLY AND EFFECTIVELY. TEAMS STILL DO NOT HAVE CLARITY OR DIRECTION IN HANDLING EVEN... — read more 

Managing newness and innovation

“We’re going to manage newness and innovation by going into our vault.” … so…not actually anything new or innovation, just re-marketing the old stuff?? Sounds about right. These guys are absolutely lost.

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

: