Layoffs will be bigger than anyone thinks.
Evidence is the stock price, which at $100 is lower than it was before the COVID pandemic. However, the USD is worth 22.8% less than it was in Jan. 2020 due to inflation.
What this means is that in real terms, Nike's valuation is almost 25% lower than before Covid-19, which means Nike as a company is failing in totality.
Wipeout!
@2qdk+1qUB6n1a we left because Nike actively recruited us and paid us a shitload more to bring new ideas since there has been a stagnation from within and a fixed mindset resistant to anything that isn't a legacy 25 year nike veteran
What did you expect? Culture is sh-t and the hires that are coming into Nike aren’t internal promotions but outside cronies that don’t know how to operate or function as a human being.
If I hear someone say again, “back at Walmart” or “at Amazon we did this”, fu--ing fu-k! Nobody cares what you did at those companies.
If Walmart and Amazon were so great, then why’d you leave???
"Layoffs will be bigger than anyone thinks."
No, will still be what was announced on the earnings call
The earnings multiple is down. The markets no longer believe we are a growth company. We forecasted 1 percent sales growth.
Stock price is just a number