@OP While I think your comments about capitalism and excessive executive pay are spot-on, it’s neither a coincidence nor conspiracy that the share price has gone up during these layoffs. Share prices often go up when large companies lay people off. It is not something unique to Nike as your post sorta implies.
As for your comment about minority representation, you should know that more than 50% of Nike’s employees are non-white. This is a significantly higher percentage than what you’ll find with most Fortune 100 companies so I would hardly call that representation “minimal”. That percentage might (although I don’t actually know) be lower at WHQ, although if it is that likely has much more to do with local employment demographics than any conspiracy. Oregon is 87% white and even Portland is 79% white. I’d imagine Nike’s WHQ minority representation is significantly higher than local demographics would suggest. The point being when people like you suggest that Nike doesn’t hire enough non-white folks I have to wonder if you’ve really thought thru your claim and whether your claim is validated by the facts.
It’s true that minority representation at the executive levels is lacking, which is also not a Nike-only problem. But Nike has admitted this and is working to improve that situation. What else would you have them do? Frankly I’m not the world’s biggest fan of making personnel decisions based on physical attributes that are an accident of birth, but I also understand what “systemic racism” is and that because of it we need to provide more targeted opportunities to people who have historically been discriminated against. I think Nike makes good faith efforts to do this and, while it’s still a work in progress, I often DON’T think allegations like yours are fair. Rome wasn’t built in a day and racism won’t be defeated in a day. I do think Nike is trying, and I think it’s unfair and just incorrect for you to say that minority representation at Nike is “minimal”.
@1wkn: I seriously doubt that after the pandemic subsides things will entirely go back to the way they were in terms of where employees work. My best guess is that most people will continue to primarily work from home, coming into the office as necessary for their specific jobs. For some people this may mean going back to the office full-time and for others it may mean popping into the office a couple days per month. I don’t know for sure and neither do you. So why are you baselessly claiming that everyone is going to be called back “now that there’s a vaccine”? Notwithstanding the fact that there is no vaccine at the moment, that it will take well over a year to get it distributed, and that as of today Washington County is actually going the opposite direction and back into lockdown for a few weeks. I suspect it’s entirely too premature for you to be making the claim you’re making.
Likewise why do you think that any vaccine, once available, won’t be covered by insurance? Why do you claim that employees “will be required to be vaccinated at their own expense”? Would you like to share some sourced facts that the rest of us don’t know about? Or are you just talking smack because that’s what people often do here?
This website sometimes has really good and useful info, but man you sometimes have to wade through a bunch of nonsense to find it.