Thread regarding Nike Inc. layoffs

100 VPs! How many Sr. Directors and Directors will follow?

We have learned that nearly 100 VPs across the globe got laid off recently. We also heard that the next round of lay offs will start with Sr. Directors and Directors; I am simply trying to see if anyone got a sense of how will be laid off

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Post ID: @OP+168RHAm0

35 replies (most recent on top)

@3wsy+168RHAm0....what? I really do not understand what you are trying to say? Are you asking for support for the new VPs who lacked respect, humility, and empathy Not only for the ones who departed but also for the hundreds of employees on the call wondering if they will have a job in few weeks?

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Post ID: @4cmp+168RHAm0

What will this person and team do now that they can't travel to all these countries on Nike's dime?

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Post ID: @3czj+168RHAm0

I don't know what area you are responding to but ALL of Nike was affected. These new VPs, more than likely, didn't have any idea of what happened or what they were walking into. That's wrong on its own accord. Do you think they would have accepted?

What are we? Drones now? AI materialized employees or robots? During Covid-19? Maybe we are, because we have families to support. Be gentle on the newbies as I don't think they were aware, but inform them so they can go back to where they came from peacefully. What a f**ked up place to be. HR and their secretive plan, effective.... in turning us against each other.....

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Post ID: @3wsy+168RHAm0

@3uqn+168RHAm0

I know, right? How much money has Nike raked in over the last few years and they're still putting everyone on the austerity plan? The only reason they're laying off so many people is because they have an excuse and Wall St./Investors want them to play that card. Nike stopped being in the shoe business a long time ago.

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Post ID: @3lil+168RHAm0

@3cjp+168RHAm0
I feel you. Sadly, it is not just Nike. There something fundamentally wrong with our society in general these days. I long for the days when we truly cared for and about each other. Why are people so cynical? What makes one person better than another? What or who gives anyone the right to mistreat or even destroy another person's life. I personally believe that nothing lasts forever and at some point in life these people's actions will come back to haunt them and the price will be too steep. Wishing you all only the best. May you find happiness and love at every turn you take in this life and the next.

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Post ID: @3uqn+168RHAm0

@3yqs+168RHAm0

Good to see Nike's still hiring twits who think everyone has the same advantages and perks they do - i.e. completely clueless of what work/life is like for the other 99% when they try and "relate" to us.

Someone needs to send HR a memo and just tell them we already know we're all pieces of sh–, thank you.

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Post ID: @3cjp+168RHAm0

@3lm and @3yqs, right on. Was on the same call (lol...maybe we know each other); agreed. I could listen to M.B for one additional minute with that smug attitude not to mention that mo–n K.L (the guitar player) thinking he is funny with tips jar. Here is tip, have some respect for those who left and for those who remain. "UFO photography made ma famous - look it up" and "I love business travel so much that I visited 80 counties." I, on the other hand, worry about if I'll have a pay check to pay my mortgage. F— off 80 times, a–holes.

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Post ID: @3bvc+168RHAm0

Totally agree with @3yqs. If anyone here thinks differently or want to show "Brand Loyalty" then you are blind, misguided, uninformed and lack respect for yourself and others. Also, you may be next inline to be let go. Just ponder that for a moment.

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Post ID: @3zki+168RHAm0

@3yqs, I feel you. I was in the same meeting, really feel sick for the "fancy" introduction of new VPs, traveling to 80 countries, love bungee jumping, play guitar, awww, that makes me sick. No sympathy for others who lost their jobs.

They are not flatten the org but keep building up. Why on earth we need so many VP??

Oh, and the host VP didn't even dare to answer some of the questions in the meeting.

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Post ID: @3lml+168RHAm0

I am somewhat speechless! People lost jobs yet today we see a new leadership structure that is still deeply layered with VPs reporting to other VPs who report to yet another VP. They wanted to introduce themselves to the team with a get to know me sort of thing. It was disrespectful to both the people who were fired and the people on the zoom call with these VPs talking about their love for travelling (one said I have travelled to over 80 countries), etc. There was no empathy and no sincerity in anything that was said. Made me feel so empty inside and absolutely disgusted to be part of Nike! I will never buy another Nike product ever again.

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Post ID: @3yqs+168RHAm0

It’s all brutal. I went thru 2017. I can’t imagine going thru it now during this pandemic. Prayers to y’all. And stay humble true it can happen to anyone as this of you see.

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Post ID: @2ayu+168RHAm0

I am surprised that people are surprised by the amount of VP's and likely Sr. Directors who are being let go from Nike. I did internal operations and finance for years at Nike and the amount of top heavy management was needlessly reducing the company's gross margin. When there are VP's reporting to VP's reporting to VP's and Sr. Director reporting to Sr. Director reporting to Sr. Director, there is bound to be a ton of redundancy. Can all those layers actually be adding value? In my experience, no. They created a lot of noise and nothing actually moved forward.

I just hope they are moving out the bad apples, because there are a lot of them and keeping true leaders that will do the right thing for the company.

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Post ID: @2til+168RHAm0

https://ccwd.hecc.oregon.gov/Layoff/WARN

Nothing has been posted for Nike recently.

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Post ID: @2cnd+168RHAm0

Sorry but can someone send a link to this "WARN" site?

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Post ID: @2qss+168RHAm0

Nike said the changes it is making will lead to a “net loss of jobs across the company,” which will result in pretax, one-time employee termination costs of roughly $200 million to $250 million.

https://www.cnbc.com/2020/07/22/nike-shakes-up-its-executive-team-announces-job-cuts.html

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Post ID: @1sdu+168RHAm0

2004-2005 was the turning point when Phil stepped down.

Bill Perez was first mistake, and only a sign of what was to come. Nike losing its identify and going full on corporate.

well, at least with the lowered headcount, they will finally be able to fit all Nike employees on campus.

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Post ID: @1jbs+168RHAm0

@1cmi It's not going to be 5000. Not sure where you got that number, but it's wrong...by a lot.

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Post ID: @1ztg+168RHAm0

Did you guys not see the notice? 250 MILLION $ cut to personnel. Should be about 5000 - Some regional but mostly Beaverton.

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Post ID: @1cmi+168RHAm0

@1hy that 1500 WARN notification that’s undated was from years ago. They were talking about it on a previous Layoff post in 2017

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Post ID: @1zgj+168RHAm0

Nike had one of the greatest run in world corporate history.

Now, it seems like JD is going to ruin the whole company with over firing of staffs who maintained the company.

Where have you gone Phil Knight, Rob Strasser and even Parker, the company and its loyal staff turn its lonely eyes to you. :)

It would be sad if JD turns Nike into sh–hole

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Post ID: @1xol+168RHAm0

Last week was tough - now the next round will continue this week. Head down and we need to work through all the uncertainty. Sending mojo to everyone possibly impacted.

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Post ID: @1tzp+168RHAm0

It will be brutal. WARN site says 1500. This is a US notification. Probably all WHQ based because that is how WARN works. It’s based on a single site.

You may be protected by WARN if your job loss occurs as part of:
• A plant closing (see glossary)—where your employer shuts down a facility or operating unit (see glossary) within a single site of employ- ment (see glossary and FAQs) and lays off at least 50 full-time workers;
• A mass layoff (see glossary)—where your employer lays off either between 50 and 499 full-time workers at a single site of employment and that number is 33% of the number of full-time workers at the sin- gle site of employment; or
• A situation where your employer (see glossary) lays off 500 or more full-time workers at a single site of employment.

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Post ID: @1hyz+168RHAm0

@vln, I agree with you logical assessment. I'll add that it is already ugly. Hang in there, everyone.

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Post ID: @rdy+168RHAm0

Some assumptions here based on this reorg costing the company $200-$250M:

Roughly 100 VPs are gone. Likely 200+ Sr. Directors will be cut; 500+ Directors. Remaining layoffs will be U, L, A bands (in that order). Total will be between 1500 & 2000 positions. August and September are going to be ugly.

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Post ID: @vln+168RHAm0

@wbj, rumors....that is all we have. This is not a reliable place for information; therefore, transparency does not apply let alone "super transparency."

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Post ID: @wem+168RHAm0

It will be brutal. The post on the WARN site says 1500. The rumor mill says mid August for the next round.

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Post ID: @ugn+168RHAm0

Where did you get 100? This place is super non-transparent.

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Post ID: @wbj+168RHAm0

@OP+168RHAm0 - no doubt about it that; it will be brutal. I think the number will exceed that of the VPs! If not, then how screwed up is that we had more VPs that Sr. Director and directors.

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Post ID: @pnv+168RHAm0

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