You can't convince me otherwise. This place used to care about employees. I've been here long enough to remember that. Now, we're overworked, undervalued, and kicked out without a second thought. We're in a constant state of reorganization because... — read more
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
When is bonus and severence paid out?
for those that were laid off in April? I didn't see it on my last paycheck. All i got was my PTO pay out.
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
It’s Saturday, stop doom posting and go enjoy your life.
Don’t let a corporation run your life.
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
Nine months of constant stress, 65% bonus and the low stock price@
Am I missing anything else? The moral is so bad! Everyone is figure pointing to another person hoping to nominate another individual for next round of layoffs. High performers are either let go or resigned and the workload remained to those lunch... — 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
How come posts about MN in NSRL get deleted?
It must be miserable being you. You have no life outside of Nike! You have no existance out of Nike! We do not forget whom you throw under the bus to save yourself!
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.
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
Should I update my Next% slides to 65%?
CDO>CDA>Next%>65%. Now everything makes sense
Consumer wallet is the latest excuse for bad management
I mean, sure. Yeah. Party is over. No more 10 pairs of sneakers ‘cause they are trendy. But if you can and want to buy 4, why none of them are Nike? Because Nike’s mgmt is fu--ing it up. Plain and simple. Have been for a while. Now we are reaping... — 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“
what kind of strategy is thanking the team versus paying the team?
Clearly the ELT and Board have no idea what the working environment is for teams rn. Pay us for this bullsh-t and we can show up as you described, otherwise expect 65% effort.
So I will get the same raise as someone who was on leave of absense for over 6 months?
Please tell me this is not true. I worked very hard and now I am told the teammate who comes back from 6 months leave will get the same raise as me.
Calculating PSP???
What’s my bonus if my position is grade 20 ??? 1.25% or 3.25%
Good chance an activist investor comes in and gets John out
Would not be surprised if Bill Ackman is looking as we speak.
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.