“Word on the street...”
So far most of the “layoffs are starting this week!” rumors posted to this site have proven inaccurate.
I’ll believe it when it actually happens.
And BTW I truly hope Nike is being thoughtful with these layoffs and letting go of the correct people. I happen to know of an S-band who is grossly incompetent and literally does almost nothing. And no, I’m not at all exaggerating when I say this person does almost nothing. In my work function it’s an open secret that he adds no value, and everyone in my function is gobsmacked that this dude pulls down $200K+/year to do...nothing.
We all fear HE will keep his job while someone who actually earns their paycheck will be let go. Needless to say these kind of poor lay-off selections are destructive to morale when they happen. That’s why Nike needs to ensure when it lets people go it is selecting the right people.
It’s also not difficult to identify who “the right people” are. HR just needs to survey each employee group. I think on most teams you’d find a consensus as to who on the team adds value and who doesn’t. From there HR’s job becomes much easier.
This is how it was done at my last company. When layoffs came each employee had an anonymous opportunity to individually rate their fellow team members. While not a perfect system it was pretty darn effective at informing HR who needed to stay and who needed to go. It also provided legal cover to HR because when they let someone go HR could then honestly say “This person was laid off because a consensus of their peers and co-workers identified this person as a weak player on their team.”
I wish Nike would do something similar since it results in a better, more fair outcome that doesn’t destroy morale.