Some Nike employees have taken to LinkedIn to share that they have recently been laid off from the company as the Swoosh unveils major C-suite changes across design and marketing.
https://footwearnews.com/business/business-news/some-nike-employees-say-laid-off-reorg-1203555679/
Wall Street is speaking. Shuffle those chairs.
In addition to the ‘hard’ layoffs, there’s also a series of ‘soft’ layoffs running in parallel.
Folks are now learning whether the jobs they were hired into will remain remote. If your job is no longer remote you can either accept relocation, or a severance (or you can commute every week at your own expense)
It’s getting real hardcore
I think it is clear that HO is being groomed for CEO, not DH.
Is DH making a run for CEO?
NDP - digital product
What is NDP?
@1bvl+1pBBvKZy
DH moved to a new org. Launched a Transformation org. Not tied to Product anymore.
@1bvl+1pBBvKZy
Yes. DH is still around.
Is DH still around?
Around 40 FTEs were let go in NDP between last Thursday and Monday. Around 20 percent if the org.
I personally like Martin Lotti. But these senior management changes won't move the stock price needle. No improvement is on the horizon until JD is forced out. And that moment can't come soon enough.
DJ out?
If a reshuffling of the deck chairs will boost the stock - fantastic. Otherwise, it’s just more of the same. New titles. But same input and output. Let’s see what Wall Street has to say.