When was the last time we went more than a year without layoffs? In fact, I think it's been a while since we went even just six months without cuts. Is laying off folks really the only brilliant idea the leadership can think of to boost profits? Can't they see it's not working?
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He said he was a servant leader but never said who he was as a servant of. It’s not the employee (layoffs), consumer (less innovation), customer ( cut accounts), investors and Wall Street (low stock price). Who is left? He is a servant of himself and his bank account. A parasite looking to su-k this place dry before he leaves like a tapeworm in the gut of Nike.
If you think things are bad now wait until a long, long overdue recession occurs. Recessions are perfectly normal every 5 to 7 years. The last real recession was in 2009. Since then every time the economy hiccups the solution had been to print more money. That’s why about 2/3rds of the current dollars in circulation globally were all created since 2009. That money was literally created out of thin air.
The next economic downturn and subsequent Nike layoff will make this layoff look like nothing more than a ho-hum warm-up. I’m currently looking for more stable employment or self-employment in hopes I won’t still be around here when that time inevitably arrives.
@1ugm+1qIEhl8A what else doesn’t grow sales? A sh-t economy and consumer confidence because every company is laying off right now even though stock market and profits are fine.
What about the CEOs who take paycuts before laying off people? Isn’t that what a true servant leader would do?
@1ugm+1qIEhl8A Consulting neglected to factor in moral impact on employee productivity and the real cost of onboarding new hires in the OPEX numbers, didn’t they?
Layoffs happen because we hired a management consultant type. Layoff and outsource is what they do. Wall Street knows that such types can’t grow sales. That’s why our stock is in the dumps.
Nike still has the highest profit margins in the industry, we should be asking why layoffs are happening in the first place
Adidas has negative profit and are taking a loss and they aren’t laying people off …
Yes, by being more operationally efficient. Addressing Data Quality Issues, process design errors, making teams accountable for costs they create, dumping outsourced functions that are just bodies in seats looking busy but doing nothing, stop reorg’g twice a year, actually being Agile (vs being a buzzword) by planning projects using the resources we have, etc. The list is long, the possibilities are endless, but true change isn’t easy, it takes hard work, doing a lot of little things to make everyone’s job better and more efficient. Short term thinking is why things are a mess, and why this yo-yo effect of hiring and layoffs has been around for a long time. Layoffs are hugely detrimental to morale and to getting things done. There are better ways to do it, especially for a company that isn’t cash poor, but just needs to perform better. Everyone start with the simple question - how can we perform better and more efficiently? Is for sure tons of ideas out there, but nobody is listening. It isn’t se-y or career making to do the things that need to be done, so it never gets off the ground.
@sbl+1qIEhl8A There's been many mini layoffs. Last large one that had to be reported to Oregon Warn was 2020.
Last one was 2020...