Thread regarding Nike Inc. layoffs

Business is down. Shoes not selling.
Need new design leadership.
Bring fresh ideas. Leaders in production have been there for decades.

@a5 Then you know nothing.

You can measure the amount of trolls out here by the number of thumbs downs any Nike positive post gets.

@bp does the expain the influx of SE1's that were hired in the last few weeks?

@ad

You need to start hiring younger (cheaper) talent now so that those that are let go in the fall have time to train them in advance. Thus the surge in postings now.

No 2 extra months on payroll is my guess.

@a6 so what if they are?

99% workforce reduction and outsourced to AI, Accenture and India to wind down final liquidiations of remaining inventory through Kohls and Footlocker. WHQ shut down and converted to general business park for external leasing to other companies and new $100,000 per occupant cost Portland Homeless shelters funded by incremental income tax of 20%. Pivot to being an AI Virtual Token meme stock run by the remnants of the board to cash out billions in a rug pull maneuver.

End of Q2, garden leave through Xmas break, second hand.

Hunch: Our new CFO will lower severance.

@ad DD was coordinating long before he came on board, plenty of time for changes this fall

I still see new job postings everyday. You'd think there'd some sort of hiring freeze if there are impending restructuring. I also doubt the new CFO can make changes so quickly into his tenure. Not saying there won't be layoffs in the future, but I don't see it in Sept, Oct. timeframe.

I am hearing VA will be next CEO

The Oregonian at it again with fishing for stories and details here with this post.

It is happening, but can’t share more details.