Nike could lay off 30% of the employees tomorrow with absolutely no effect on the business. In my experience Nike is way overstaffed for the amount of work and this is why the politics are so toxic and survivalist.
Here's the thing. This might be true, but the fact is that those people who do nothing and whose absence wouldn't be missed are the same people who have others protecting them and are never part of layoffs. What would happen if we lost 30 percent of people is what happens every time. We'd lose some of the best and plenty of good employees while the bottom of the barrel would stay. That's the sad truth.