Thread regarding Nike Inc. layoffs

Nike Layoffs 2020

Do you think there may be small/medium/large Nike Layoffs 2020? Any news or rumors?

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Post ID: @OP+125heS9Y

21 replies (most recent on top)

@3Bolv+125heS9Y no one is saying that Nike won't recover and get back on track; what people are saying is that layoffs are looming. They are not because of JD claims - to concentrate on accelerating the digital segment of the business; it is because of $790M loss of revenue. Digital already grew 30% since COVID-19 happened but Nike also lost 80% of its store sales. How does one reduce that blow? Reduce the wage bill hence the layoffs.

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Post ID: @3Engu+125heS9Y

just when you thought the canned talking point drivel couldn't get any worse

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Post ID: @3Dwtp+125heS9Y

Quarter 4 results are purely temporary. This is due to the pandemic situation throughout the Globe. Nike is one of the best companies and it will overcome this situation for sure during the second quarter of fiscal year 2021 onwards continuously.

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Post ID: @3Bolv+125heS9Y

Nike is one of the best companies. Quarter 4 results are purely temporary and that is due the current pandemic situation throughout the world

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Post ID: @3Bbbd+125heS9Y

It's here.
It's happening beginning today.
I was one.

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Post ID: @3rrlk+125heS9Y

Uh, I’m going with: yes

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Post ID: @2ripo+125heS9Y

With the current situation, and the Nike trend of targeted firings - layoffs are coming, not if but when.

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Post ID: @2dzrv+125heS9Y

can we please get rid of the sr directors clamoring to be vps but are sh– leaders and dont produce anything that actually advances the business?

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Post ID: @24den+125heS9Y

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.

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Post ID: @Pbpc+125heS9Y

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!

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Post ID: @raha+125heS9Y

between lay offs and reorgs, it's amazing the electricity bill gets paid

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Post ID: @mkdc+125heS9Y

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.

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Post ID: @loup+125heS9Y

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 ...

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Post ID: @1mye+125heS9Y

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.

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Post ID: @1xju+125heS9Y

Now we have it every single year, right? So, really, no issues.

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Post ID: @1psh+125heS9Y

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