Do you think there may be small/medium/large Nike Layoffs 2020? Any news or rumors?
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As the last CIO moved on and with him some of his lieutenants (again) it is obvious: A security department with more staff than developers is about to get axed. Nativity meets reality.
30% cut in workforce sounds about right! Nike will focus on only a handful of key retail accounts and is own direct-to-consumer business. You don't need that many products, marketing etc. to support such a business!
between lay offs and reorgs, it's amazing the electricity bill gets paid
I heard an internal rumor over the weekend (who doesn't love rumors?) that the new CEO is looking to cut the workforce by 30 percent.
Layoffs are happening like sniper shootings now ... quiet, stealth ... the New York Times cant track it that way ... the new move is to put veteran experienced teammates in positions forever and move those with potential in the higher level jobs ...
If the stock price is any indication, Wall St. thinks the layoffs and diminishing benefits/perks are amazing. I guess it's good a lot of these younger employees are used to getting the shaft and have no idea what it was like when money and product were being thrown around like the set of Oprah.
Now we have it every single year, right? So, really, no issues.