Topics regarding layoffs at Nike Inc.

Topics regarding layoffs at Nike Inc.

Parting speech

Here’s what I want to say, but know I won’t, if I get the meeting invite with HR and my manager: “To the extent you personally had nothing to do with this, I wish you well. To the extent you did, f*ck you.”

Nike stocks dip since announcements!

After formal announcement , Nike shares are dipping low which says nobody likes layoff and it is not solution to make company profitable! Lay off is the worst decision by leadership and management and should be avoided at any cost to save brand name!... — read more 

Donahoe-total comp $25.5m

Ref: Proxy 2023. Comp starts on page 33. Top five earners. The next is $9m Ref: https://s1.q4cdn.com/806093406/files/doc_downloads/2023/414759-1-_8_Nike-NPS-Combo_Proxy_WR.pdf $25,500,000

Is the CEO in the business or Reorging ???

Is the CEO in the business if reorging or shoes. Let people do their freaking jobs before your feed the consulting pig 100s of milllions of dollars. Whatever this strategy is it’s definitely having the board look in a different direction than your... — read more 

Love this

From JD’s email, “we are currently not performing at our best, and I ultimately hold myself and my leadership team accountable “ That statement might mean something if he and his LT where the first ones out :/

So it’s gonna be 1600 people

Or 2%, globally. Apparently, the layoffs will not impact employees in stores and distribution centers or those in the innovation team.

JD’s Pedigree

You know you’re doomed when your CEO calls himself a servant leader. Highly effective and proven leader would never. Zero growth in 4 years is shameful. Look at the stock with no growth…. That’s his CFE folks

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Post ID: @OP+1r63IJ8r

Severance

Someone below mentioned weeks paid is now based on band vs tenure? True?

My advice. Contact information

Matt Kish @ reach him on Signal at 971-319-3830 and through encrypted email at matthewkish@protonmail.com. or https://www.baaslaw.com/courtney-angeli-employment-lawyer

Public Sentiment

This thread encapsulates how this is going for Nike. https://x.com/sockjig/status/1758326225154781646?s=46 (I do not know this person)

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Post ID: @OP+1r6hQCdR

Not able to sleep :(

Is anyone else not able to sleep? Any tips on how to deal with the uncertainty and anxiety? How are you dealing with it?

This whole thing feels like sabotage

A well planned out disaster by JD because he doesn't and never did care. How much is this guy worth? As he's sitting on his sofa with whatever drink in hand planning his next company to demolish. Is he the only one to blame? No. BoD is also to blame... — read more 

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Post ID: @OP+1r6FrgIR

Criteria for lay-off

What criteria do you guys think they use for layoffs? Role/Performance ratings/Org/other?

Not told to WFH

So, if your group isn't told to WFH next week, does that mean that we have to wait until May to find out our fates? So not only do we have to just sit and wait with the anxiety, but we have to come to campus next week in what I am sure is going to be... — read more 

Nike 2% - Have to File with Oregon WARN act -

https://ccwd.hecc.oregon.gov/Layoff/WARN?page=30&SortOrder=Employer There is a line item saying 1500. However, it is weird because there is no other information like all the other business. Its not really 2% of corporate but probably more like 20%... — read more 

Time to finally visit the nike Sports Center?

Its free for FTEs as long as we work in Nike. Try visiting some on campus if you havent visited them ever. There are 3 amazing ones. They open early too. So if you live in the area, and have never been there, tomorrow morning will be the best time... — read more 

Reason for asking WFH?

I'm a fresher and Just wondering what could be the reason for asking employees to WFH.. is it because to avoid emotional incidents or thinking of others(who are not laid off) might get distracted or to avoid any physical incidents? ( i heard in one... — read more 

Severance?

Anyone have any leaks on the “comprehensive package”? Or he throwing scraps out his jet to the working class?

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Post ID: @OP+1r6ENJNv

Terrible handling of layoffs

If Nike intends to survive and prosper, they may end up having an issue with workforce recruitment after this disastrous handling of layoffs. Who in their right mind would want to work here with so much stress hanging over them for months on end just... — read more 

Shouldn't it start here?

"We are not currently performing at our best, and I ultimately hold myself and my leadership team accountable" Shouldn't the first one on this 2% be our fearless servant leader?

What does all of this mean for ETWs?

If we report to middle management and they’re terminated. Who lets us know our contracts have ended or we’ve been let go as well? Realizing it’s completely different for ETWs than FTEs but we’re nervous about losing our jobs too. Anyone have... — read more 

Previously laid off and have tips

Get all personal files off computer now (it will be difficult to get back). Get receipts if you need them. Early morning is when invite is sent for a 15 minute meeting. They all title it differently but it will be to the effect of a conversation or... — read more 

Stay positive even if your time at Nike ends.

Layoffs are never fun or easy, but if it’s meant to be and you are let go, make the most of it. You were and are obviously a gifted, talented individual, otherwise nike wouldn’t have hired you in the first place. Take time, do the things you didn’t... — read more 

WFH

US Global Technology was told to WFH next week.

WFH during layoffs

I’ve heard rumblings for a couple weeks now that we might be asked to stay home next week during layoffs to avoid any incidents. Any truth to this?

If you’re dealing with addiction..

Just wanted you to know that you can do this. The last week has been absolutely brutal for me, looking for an outlet, a way to soothe and escape. The coming weeks won’t be easier but we can do this. You can lose a job and find another job, but your... — read more 

Email

Would someone be able to share the email?

How long have you been at Nike?

Trying to break the stream of rightfully depressing posts. How long have you been at Nike? What do you do? How long do you plan to be here?

The Email

Nike golf has been on the decline maybe you all will be the first to get the axe tomorrow

2% of 87k

So 1500+ Thanks Jon. Glad you blame yourself. You should.

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